Income-Producing 8-Plex! Well-maintained property featuring eight 2-bedroom, 1-bath units with strong tenant demand. Seven units are currently leased, with Unit #8 vacant and ready to show. Each unit offers tile flooring throughout, all-wood cabinetry, and included kitchen appliances. Property includes individual water and electric meters, with tenants paying all utilities. Landlord expenses are minimal, limited to landscaping and dumpster service (approx. $300/month). Ample parking with 16 covered spaces (two per unit). Conveniently located right off Expressway 83 / W Interstate Hwy 2 and near Cesar E. Chavez Middle School, providing easy access for commuters. Rental increases up to $795/month can be implemented on three units within the next 2–4 months, offering immediate upside. Ideal for investors seeking steady cash flow and future growth potential.
Discover a prime investment opportunity in Palmview, TX! This 12-unit apartment complex is perfectly located on a generous 1.95-acre lot, less than 0.3 miles from Hwy 83, ensuring access to local amenities in Mission and McAllen, TX. Each apartment offers comfortable living spaces that promote high occupancy rates, making this property an excellent addition to your investment opportunity portfolio. The current setup features all residential units in the back, while the front portion is ripe for potential rezoning to commercial use. Imagine constructing a vibrant commercial plaza that caters to the community's needs while enjoying steady residential income. With ample space available for further development, this property presents an ideal chance for forward-thinking investors to tap into the growing demands to tap into the growing demands for mixed-use spaces in the area. Don't miss this fantastic opportunity to own a versatile piece of real estate in a thriving Texas market!
NICE 5PLEX FOR SALE, 2 UNITS ARE STUDIOS (OPEN CONCEPT) EACH ONE FULL BATHROOM, 2 UNITS ARE 1 BEDROOM, 1 BATH, & 1 UNIT IS 2 BEDS, 1 BATH, MONTHLY RENT INCOME IS $3,650+, BIG 0.75 (3/4) ACRE LOT, ROOM FOR ONE MORE BUILDING, INCLUDES 8 SECURITY CAMERAS WITH SALE, AC MINI SPLITS IN EVERY UNIT, RENT INCLUDES WATER & TRASH COLLECTION, TENANTS PAY FOR ELECTRICITY. 5PLEX WELL LOCATED IN A CORNER LOT ON ABRAMS RD & EL BARQUITO ST. PALMVIEW, TX. QUICK ACCESS TO EXP 83, AND CLOSE TO HEB, FOOD ESTABLISHMENTS, AND MANY MORE! BUILDING & UNITS ARE IN GOOD CONDITION, GOOD INVESTMENT OPPORTUNITY, INCOME PRODUCING PROPERTY! CAP RATE @ 7%.
Built in 2023, this modern 12-unit apartment complex offers a prime location less than a quarter-mile from Expressway I-2/Hwy 83, providing tenants with easy access to shopping, dining, and entertainment in Mission and McAllen. The property consists of two single-story buildings with six units each, featuring a total of seven 2-bedroom/1-bathroom apartments and five 1-bedroom/1-bathroom apartments. Each unit is thoughtfully designed with granite countertops, tile flooring, and a full suite of appliances, including a stove, refrigerator, microwave, and in-unit washer and dryer. Tenants will also enjoy the convenience of two covered parking spaces per unit. With its excellent location, modern amenities, and high-quality construction, this property is a standout investment opportunity. Ask about seller financing!
Fully completed and income-producing fourplex located in the White Stone Villas subdivision. The property features four spacious units, including two 2-bedroom/2-bath units and two 3-bedroom/2-bath units, each designed with functional floor plans for comfortable living. The exterior showcases a modern combination of stone and brick consistent with other recently completed properties in the community. Two units are currently leased, providing immediate rental income, while the remaining units are move-in ready and available for occupancy or additional leasing. This property presents a great opportunity for investors seeking a newly constructed multi-family property with immediate cash flow potential.
Newly completed fourplex located in the White Stone Villas subdivision. The property features four units, including two 2-bedroom/2-bath units and two 3-bedroom/2-bath units, each offering spacious floor plans designed for comfortable living. The exterior showcases a modern stone and brick design consistent with other recently completed homes in the community. Two units are currently leased, providing immediate rental income, while the remaining units are available for occupancy or leasing. This property offers an excellent opportunity for investors seeking a newly constructed multi-family property with income potential and minimal maintenance.
Great investment opportunity located in a great location with 8 apartments. The property has one 4-plex that was built in 2000 and another 4 plex built in 1997 totaling 8 units (7,200 SF). All units are 2bedroom/1bath approximately 940 SF (according to HCAD). If you are an investor looking to purchase a great income producing property, look no further! The subject site totals 1 acre with additional space to build more units in the future. Each unit is individually metered.
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.
Palmview is located in Texas. Palmview, Texas has a population of 14,654. Palmview is less family-centric than the surrounding county with 33.15% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Palmview, Texas is $42,310. 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 Palmview is 39.4 years.
The average high temperature in July is 97.5 degrees, with an average low temperature in January of 48.7 degrees. The average rainfall is approximately 21.4 inches per year, with 0.1 inches of snow per year.
