This triplex, sitting on nearly two acres in a scenic rural area, presents a prime value-add investment opportunity. Comprising three units that spans approximately 2190 sq ft. Partially occupied with long-term tenants, it offers substantial rental increase, property is a great value add project for additional growth.
Just minutes away from the University of Texas Rio Grande Valley (UTRGV) lies a great multiunit opportunity awaiting astute investors. This newly completed development offers a total of ten units, offering accommodations tailored to meet the needs of students, faculty, and professionals alike. Five buildings with 2 units per building, 5 units are three bedrooms and two bathrooms, and 5 units are two bedrooms and two bathrooms. This property is primed for immediate occupancy and rental income generation. With its modern design, and convenient proximity to UTRGV, this development represents an ideal investment opportunity in the growing market of Elsa, Texas. Great location, mere minutes from UTRGV ensures a steady stream of potential tenants seeking housing options. Whether targeting students, faculty, or young professionals, the demand for well-appointed rental units in this growing area is undeniable. All units are ready for occupancy. Don't miss this great Investment opportunity!
Seller financing available with 20% down, 10% interest, up to 20 years, pmts. of $1,399.28 per month excluding taxes and insurance. 100% Leased. $2,265 Rental income per month. 3 Units with 3 separate electricity meters. Sitting in 2 lots with plenty of backyard and parking. All Share one water meter. Great corner, one block away from HEB and Restaurants.
Elsa is located in Texas. Elsa, Texas has a population of 5,783. Elsa is more family-centric than the surrounding county with 40.73% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Elsa, Texas is $47,196. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Elsa is 30.8 years.
The average high temperature in July is 95.9 degrees, with an average low temperature in January of 48.7 degrees. The average rainfall is approximately 24.6 inches per year, with 0.1 inches of snow per year.