2605 21St StHarlingen, TX 78550

This exceptional investment opportunity presents a brand-new, ten-unit multifamily property in Harlingen, Texas, boasting a Caribbean architectural style. Completed in 2023, the property comprises five buildings situated on a one-acre lot at 2605 N 21st Street, zip code 78550. The complex includes four two-bedroom, two-bathroom duplexes and one one-bedroom, one-bathroom duplex, offering a diverse range of unit sizes to attract a broad tenant base. Currently, nine of the ten units are occupied, generating a monthly income of $9,200. With full occupancy, the projected monthly income rises to $10,300. Tenants are responsible for their electricity, while the owner covers a water bill of $150 per month and lawn care at $150 per month. Ample parking is provided with sixteen designated spots. The property's prime location offers convenient access to Harlingen School of Health Professions and Memorial Middle School, the 499 Loop, Harlingen International Airport, and Texas State Technical College (TSTC), making it highly attractive to students and professionals alike. The asking price for this exceptional investment is $1,250,000.