1 / 178-Unit Multifamily in Penitas, TX
Hidalgo County, TX · listed Jan 18, 2025 (648 days)
- $/unit
- $74,875
- ▼ 25% vs TX · 27th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 1 bldg · 2003
Financials
- Asking price
- $599,000
- Price per unit
- $74,875
- Price per sq ft
- $59
- 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
- 8
- Unit mix
- seven spacious 2-bedroom/2-bath units and one 3-bedroom/2-bath unit
- Buildings
- 1
- Year built
- 2003
- Building size
- 10,164 sq ft
- Avg unit size
- 1,271 sq ft
- Lot size
- 1 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 18, 2025
- Days on market
- 648 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2194
About this property
Attention All Investors! Incredible investment opportunity to own a fully occupied/rented 8-plex listed at $59 per sqft.! Located just north of U.S. 83 (I-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 seven spacious 2-bedroom/2-bath units and one 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!
Multifamily | 8 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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