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1502 Diamond Avenue Penitas, TX $ 975,000
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$ 975,000 Get more info
1502 Diamond Avenue
$ 975,000
Back to search
Share Save

1502 Diamond Avenue

Penitas, TX, 78576
$ 975,000
Bedrooms8 Baths8.0 Sq 10,164

Monthly Estimate*

$ 6,480

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Multi-Family Home for sale in Penitas, TX

for $975,000 with 8 bedrooms and 8 full baths. This 10,164 square foot home was built in 2003 on a lot size of 1.0049.

Explore this outstanding investment opportunity in a well-maintained, multi-unit property featuring 8 units with a solid rental history. This turnkey operation consists of seven 2-bedroom units and one spacious 3-bedroom unit, all currently tenant-occupied, ensuring immediate rental income. Each unit is designed for comfort and convenience, making it highly attractive to potential renters. This property is an ideal choice for investors seeking a stable income stream and excellent long-term value. Don't miss out on this chance to expand your real estate portfolio with a proven income-producing asset.

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Multi-Family Active

Price

$ 975,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 19,693

Style

Multi Family

Lot Size

1.0049

Year Built

2003

Town/City

Penitas

County/Region

Hidalgo

MLS | Web ID

437639
Features
General
Interior Features Ceiling Fan(s)
Sewer City Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Closing and Funding
Roof Shingle
Appliances Electric Water Heater Refrigerator Stove/Range
Exterior Features None
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 2003
Property SubType Multi Family
Tax Year 2023
Gross Income 87300
Community Features None
County Hidalgo
Insurance Expense 0
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Anadal
Garage Y/N No
Other Structures Outbuilding (None)
Status Active
Directions From the expressway....north on Tom Gill Rd turn left on Diamond Ave.
High School La Joya H.S.
City Penitas
High School District La Joya ISD
NumberOfUnitsTotal 8
Lot Size Units Acres
Lot Size Square Feet 43773.0084
Carport Spaces 4
Carport Y/N Yes
Street Name Diamond
Elementary School JFK
Tax Annual Amount 19693
Home Warranty Y/N No
Middle/Junior High School Chavez
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District La Joya ISD
Elementary School District La Joya ISD
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Interior
Flooring Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Energy Features (Double Pane Windows)
Street Suffix Avenue
Laundry Features Laundry Area Washer/Dryer Connection
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Exterior
Fencing Chain Link
Parking Features No Garage Other Garage or Carport
Total Parking 4
Lot Size Area 1.0049
Foundation Details Slab
Number of Buildings 1
Building Area Total 10164
Lot Size Acres 1.0049
Road Surface Type Paved
Covered Spaces 4
Pool YN No
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* Excluded Features
List By
Alejandro Lopez

Listing Agent

Re/Max Elite

Broker

AlexLopez4RealEstate@gmail.com

Email

Affordability Calculator

$8,121
Per Month
80%
20%
0%
Monthly Principal & Interest
$6,480
Monthly Property Taxes
$1,641
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3057821 Elementary School
3057348 Middle School
La Joya H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$975,000 Listed Price

Map

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1502 Diamond Avenue, Penitas, TX, 78576 is a Multi-Family Home for sale at $975,000 with 10,164 sqft and a lot size of 1.0049. 1502 Diamond Avenue has 8 bedrooms, 8.0 baths, and was built in 2003. The property's zip code is 78576 which is in Penitas, TX

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