1502 Diamond AvePenitas, TX 78576

For Sale
$975,000

Eight-unit apartment building, strong rental history.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents an eight-unit apartment building located at 1502 Diamond Avenue, Penitas, Texas, 78576. Built in 2003, this Class A property sits on a 1.005-acre lot and offers a turnkey operation with immediate rental income. The building comprises seven two-bedroom units and one spacious three-bedroom unit, all currently fully occupied, providing a consistent cash flow. The property's strong rental history makes it an attractive proposition for investors seeking a stable and reliable income stream. The units are designed for comfort and convenience, ensuring high tenant occupancy and minimal vacancy periods. This multifamily investment is an ideal addition to any real estate portfolio, offering excellent long-term value and potential for appreciation. The asking price for this well-maintained property is $975,000. This is a rare opportunity to acquire a fully occupied, income-producing asset in a desirable location. The property's location in Hidalgo County, Texas, offers convenient access to local amenities and transportation networks. Don't miss this chance to secure a profitable investment in a thriving market.

Property Details for 1502 Diamond Ave

Property type
Multifamily properties, Apartment buildings
Class
A
Year Built
2003
Buildings
1
Lot Size (sq. ft)
43,778 SF
Units
8

Location Insight

City
Penitas
County
Hidalgo
State
Texas
Latitude
26.247851
Longitude
-98.4466202
1502 Diamond Ave, Penitas, Texas

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1502 Diamond Ave
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