200 4Th StSan Juan, TX 78589

For Sale
$200,000

4-plex with development potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a four-unit apartment building located at 200 W 4th Street, San Juan, Texas, 78589. The property, built in 1977, sits on a sizable 7,000 square foot lot and boasts a recently installed new roof, minimizing future maintenance concerns. The building comprises four units: two spacious two-bedroom, one-bathroom apartments and two cozy one-bedroom, one-bathroom units, catering to a diverse tenant base. Currently generating rental income, this property offers immediate return on investment with significant upside potential. A key advantage is the inclusion of an adjacent vacant lot, presenting a unique opportunity for expansion, additional development, or the creation of supplementary amenities to further enhance the property's value and rental income. The property's location in a well-established neighborhood near the basilica provides convenient access to local amenities, public transportation, and a tranquil environment. This is a rare chance to acquire a multifamily property with both immediate income and substantial long-term growth prospects. The asking price for this income-generating asset is $200,000.

Highlights

  • Four-unit apartment building at 200 W 4th Street, San Juan, TX 78589.
  • Built in 1977, situated on a 7,000 sq ft lot with a new roof.
  • Unit mix: two 2-bed/1-bath and two 1-bed/1-bath apartments.
  • Currently generating rental income with significant upside potential.
  • Includes adjacent vacant lot, ideal for expansion or added amenities.
  • Well-located in an established neighborhood near the basilica, offering convenient access to amenities and transportation.

Property Details for 200 4Th St

Property type
Multifamily properties, Apartment buildings
Year Built
1977
Buildings
1
Units
4

Location Insight

City
San Juan
County
Hidalgo
State
Texas
Latitude
26.1917099
Longitude
-98.156907
200 4Th St, San Juan, Texas

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200 4Th St
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