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$149,000

Beds
5
Baths
2.0
sq ft
2,000

6704 Palmera Cir, Edinburg, TX 78542

6704 Palmera Cir

Edinburg, TX 78542

  • 28 days on market
Incredible Investment Opportunity in Edinburg, TX: Cash-Flowing 1/2 Acre Lot with Two Homes! Mobile home and pre-manufactured home. This 1/2-acre lot offers a unique chance to invest. With two homes already generating $1,800 per month in rental income and tenants on a convenient month-to-month lease, this property provides immediate cash flow from day one. The landlord covers utilities, offering an opportunity for increased profitability with future rent adjustments. While both homes need repairs to reach their optimal condition, this opens the door to value-add potential. The spacious yard provides room for potential expansions or outdoor amenities, which will attract higher-quality tenants or even owner-occupiers down the line. With this kind of potential in a market like Edinburg, this property is a rare find for investors seeking both short-term returns and long-term equity growth.

Details

Property type

Single Family Residence

Lot size

0.5 acres

Price per sq ft

$75

Year built

1979

Annual property taxes

$1,449

Price History

10/08/2024
McAllenTX

McAllenTX #451072

Listed
$149,000

Schools & Community

Elementary school: 

Esparza

Middle school: 

Barrientes

High school: 

Edinburg H.S.

High school district: 

Edinburg ISD

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Status: Active

Tomo last checked: 11/05/2024 at 5:05 PM

Listing updated: 10/08/2024 at 4:41 PM

Listed by: Briseida Chavez, Tnt Real Estate Phone #: (956) 322-3020

MLS: McAllenTX #451072

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