20-unit multifamily investment opportunity located in North Brownsville near Interstate 169 and FM 511, providing convenient access throughout Brownsville and to major employment and industrial corridors. The property offers investors an opportunity to acquire a manageable multifamily asset in an area benefiting from continued residential, commercial, and industrial growth. Its location provides convenient connectivity to the Port of Brownsville, Interstate 69E, and major employers and development activity along the FM 511 corridor. The property presents potential for long-term value creation through rent growth, improved property operations, and continued demand for workforce housing in the Brownsville market. With a desirable unit count, accessible location, and proximity to key transportation routes, the asset is well positioned for both local and regional multifamily investors.
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
Olmito is located in Texas. Olmito, Texas has a population of 901. Olmito is less family-centric than the surrounding county with 28.21% of the households containing married families with children. The county average for households married with children is 33.52%.
The median household income in Olmito, Texas is $37,051. The median household income for the surrounding county is $43,057 compared to the national median of $69,021. The median age of people living in Olmito is 30.9 years.
The average high temperature in July is 92.8 degrees, with an average low temperature in January of 51.1 degrees. The average rainfall is approximately 27.9 inches per year, with 0.1 inches of snow per year.
