1 / 13Stabilized
$410,000
6-Unit Multifamily in Penitas, TX
Hidalgo County, TX · listed Oct 4, 2024 (754 days)
Price per unit compared
This property$68K
Within ~40 mi (146)$85K
Texas median (1,029)$100K
- $/unit
- $68,333
- ▼ 32% vs TX · 21st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 6
- 1 bldg · 2004
Financials
- Asking price
- $410,000
- Price per unit
- $68,333
- Price per sq ft
- $90
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 2 Bed 1 Bath units
- Buildings
- 1
- Year built
- 2004
- Building size
- 4,536 sq ft
- Avg unit size
- 756 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 4, 2024
- Days on market
- 754 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1364
About this property
Great investment opportunity in the growing city of Penitas Texas!! This well maintained 6-plex features 2 Bed 1 Bath units, a new roof, is fully occupied and generates $4,500 of monthly income- with room for improvement! Don't miss out on this great opportunity of stable cash flow and growth. Schedule a showing and secure this investment today!
Multifamily | 6 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 San Benito, TXValue-add | $1.98M | $55K$55K | 6.5% |
| La Joya, TX | $999K | $125K$125K | 10.7%gy |
 Mission, TXNew | $1.27M | $142K$142K | — |
 Penitas, TXStabilized | $599K | $75K$75K | — |
 La Joya, TXStabilized | $520K | $104K$104K | 8.7%gy |
 Mission, TX▼ 1% cutStabilized | $475K | $95K$95K | — |