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Phillip Veale

phillipveale@gmail.com +1956678626

Listed by WINNERS CIRCLE

$ 1,600,000

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New

221 Mile 1 ¼ N DR Palmview, TX 78572

14,560 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 14,560 sqft

Subdivision Palm Acres Estate

MLS Listing ID 504212

HOA Y/N No

Year Built 1992

Annual Tax Amount $15,947

Tax Year 2021

Lot Size 2.690 Acres

Acres 2.6904

Property Sub-Type Apartment

Source Greater McAllen

Property Description

Excellent multifamily investment opportunity in Palmview, TX. This fully occupied income producing property features 20 units, each offering 2 bedrooms and 1 bathroom. Conveniently located near shopping, restaurants, schools, and major roadways, this property offers strong rental potential in a rapidly expanding area of the Rio Grande Valley.

The property presents an excellent opportunity for investors seeking steady cash flow, long-term appreciation, and a well positioned multifamily asset. Don't miss the chance to add this fully occupied investment property to your portfolio. Call today for additional information or to schedule a private showing.

Location

State TX

County Hidalgo

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling Electric

Flooring Other, Tile

Appliance Electric Water Heater, Electric Cooktop, Refrigerator

Laundry Laundry Area

Exterior

Exterior Feature None

Carport Spaces 20

Fence None

Community Features None

View Y/N No

Roof Type Shingle

Total Parking Spaces 20

Garage No

Building

Lot Description Irregular Lot

Faces From Expressway 83 exit Bentsen Palm Rd, go north on Bentsen Palm Rd to Mile 1 1/4/Rio Palm St, turn right. Property will be on the right at end of street.

Story 1

Foundation Slab

Sewer City Sewer

Structure Type Stucco

New Construction No

Schools

Elementary Schools Reyna

Middle Schools Garcia

High Schools Palmview H.S.

Others

Tax ID P030000000001400