18202 Washington Palm DrPenitas, TX 78576

For Sale
$435,000

Six-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-maintained six-unit apartment building located at 18202 Washington Palm Drive, Penitas, Texas, 78576. Built in 2004, this property sits on a substantial 21,783.92 square foot lot. The single building comprises six individual apartment units, currently boasting 100% occupancy and generating a stable monthly income of $4,500. The property benefits from a recently replaced roof, installed less than a year ago, minimizing immediate maintenance concerns. This turnkey investment is ideally situated in the thriving city of Penitas, Texas, offering significant potential for future growth and appreciation. The property's strong cash flow and low maintenance requirements make it an attractive option for both seasoned and novice investors seeking a reliable and profitable addition to their portfolio. The property's location in Hidalgo County provides easy access to local amenities and transportation networks. This is a rare opportunity to acquire a fully occupied, income-generating multifamily property in a rapidly developing area. Serious inquiries are encouraged to explore this promising investment prospect further.

Highlights

  • $435,000 asking price.
  • Six-unit multifamily apartment building.
  • Built in 2004.
  • Located on a 21,783.92 sq ft lot in Penitas, TX.
  • Currently fully occupied, generating $4,500 monthly income.
  • Features a recently replaced roof.

Property Details for 18202 Washington Palm Dr

Property type
Multifamily properties, Apartment buildings
Year Built
2004
Buildings
1
Units
6

Location Insight

City
Penitas
County
Hidalgo
State
Texas
Latitude
26.3380755
Longitude
-98.4431643
18202 Washington Palm Dr, Penitas, Texas

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18202 Washington Palm Dr
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