625 Loop 499Harlingen, TX 78550

For Sale
$765,000

8-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8-unit apartment building, constructed in 2022, presents a compelling investment opportunity in Harlingen, Texas. Located at 625 Loop 499, this property boasts a prime location near Valley International Airport and Texas State Technical College (TSTC), ensuring high occupancy rates. The building sits on a spacious one-acre corner lot, offering significant potential for future expansion. Imagine the possibilities – additional multi-family units or even a commercial plaza could be developed on this expansive land. Currently, seven of the eight units are leased, generating immediate cash flow. Each unit is a one-bedroom, one-bathroom apartment, equipped with a tankless water heater and convenient washer/dryer hookups. Individual electric meters and a single water meter simplify utility management. The asking price is $765,000, representing a strong return on investment in a thriving Texas market. This property is a turnkey operation, ideal for both seasoned investors and those seeking a stable, income-producing asset. The strategic location and modern construction combine to create a truly exceptional investment opportunity. Don't miss out on this chance to acquire a high-demand multifamily property in a rapidly growing area.

Property Details for 625 Loop 499

Property type
Multifamily properties, Apartment buildings
Year Built
2022
Buildings
1
Lot Size (sq. ft)
43,560 SF
Units
8

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.2097876
Longitude
-97.6632023
625 Loop 499, Harlingen, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
625 Loop 499
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message