1902 Dogwood StPenitas, TX 78576

For Sale
$375,000

Four-unit apartment building, great income potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional four-unit apartment building presents a compelling investment opportunity in the thriving city of Penitas, Texas. Ideally situated on a corner lot at 1902 Dogwood Street, this property boasts a prime location just off Liberty Boulevard. Built in 2004, the single building encompasses a generous 3,052 square feet of living space, distributed across four units, each featuring two bedrooms and one bathroom. The property sits on a sizable .47-acre lot (20,281.97 square feet), offering ample space and a desirable corner lot location. Each unit is equipped with a refrigerator, stove, and washer/dryer, enhancing tenant appeal. Safety features include smoke detectors. The property is serviced by public city water and features four individual electricity meters and one shared water meter, simplifying utility management. Annual property taxes are $2,371. The zoning code is B1. A chain-link fence surrounds the property. The legal tax description is N6720-02-000-0086-00. This property offers excellent potential for passive income and long-term growth, making it an attractive addition to any investment portfolio. The asking price is $375,000.

Highlights

  • $375,000 asking price for a four-unit apartment building.
  • Located in Penitas, TX, at 1902 Dogwood Street, on a corner lot.
  • Built in 2004, the property features 3,052 square feet of living space.
  • The 0.47-acre lot offers ample space.
  • Each unit includes two bedrooms and one bathroom.
  • Property includes washer/dryer, refrigerator, and stove.

Property Details for 1902 Dogwood St

Property type
Multifamily properties, Apartment buildings
Year Built
2004
Buildings
1
Units
4

Location Insight

City
Penitas
County
Hidalgo
State
Texas
Latitude
26.2784588
Longitude
-98.4341036
1902 Dogwood St, Penitas, Texas

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1902 Dogwood St
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