1502 Diamond Ave - Apartments FOR SALE


Penitas, TX 78576
$599,000 USD
956-682-4701
1502 Diamond Ave, Penitas, TX for Sale
$599,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1502 Diamond Ave
Penitas, TX 78576


HIGHLIGHTS

  • Well maintained 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. A solid investment.
  • This 8-plex offers both a prime location and exceptional value. All units are currently leased.
  • Conveniently located near major roadways, shopping centers, and dining options.
  • Located just north of U.S. 83 (I-2) with excellent regional connectivity.
  • Brick construction with modern amenities including central air and energy-efficient windows.

OVERVIEW

Incredible investment opportunity to own a fully occupied/rented 8-plex. Located North of U.S. 83 (Interstate 2), is a well maintained 8-Plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features 7 spacious 2-bedroom/2 -bath units and 1, 3-bedroom /2 bath unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is a growing and excellent location. Hurry and take advantage of this fantastic opportunity before it's gone!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

8

PRICE/UNIT

$74,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RM

APN/PARCEL ID

A4930-02-000-009A-00

ASK ABOUT THIS PROPERTY

Tom ShepherdReal Estate ProfessionalsMore Info
956-682-4701

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Tom ShepherdReal Estate ProfessionalsMore Info
956-682-4701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.