1380 Milpa Verde, Brownsville, TX 78521
1380 Milpa Verde, Brownsville, TX 78521
1380 Milpa Verde, Brownsville, TX 78521
1380 Milpa Verde, Brownsville, TX 78521
1380 Milpa Verde, Brownsville, TX 78521
1380 Milpa Verde, Brownsville, TX 78521
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Element Realty

Element Realty

+1(956) 624-7036
Listed by GRT Realty
$ 599,000
Est. payment | /mo

9,750 SqFt

Save Virtual Tour
$ 599,000
Est. payment | /mo
Save Virtual Tour

9,750 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,750 sqft

Price per Sqft $61

Subdivision Unsubdivided

MLS Listing ID 29777200

Year Built 1970

Lot Size 2.500 Acres

Property Sub-Type Apartment

Property Description

Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you're looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property's excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don't miss the opportunity to unlock the full potential of this unique income-producing property.

Location

State TX

County Cameron

Area 9750

Interior

Interior Features None

Appliance Electric Water Heater

Exterior

Exterior Feature None

Parking Features 4 or More Car Garage

Garage Spaces 30.0

Garage Yes

Building

Lot Description None

Story One

Foundation Slab

Water Public

Schools

Elementary Schools Garza

Middle Schools Besteiro

High Schools Lopez

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://tour.usamls.net/1380-Milpa-Verde-Brownsville-TX-78521/unbranded

Nearby Locations

Element Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(956) 624-7036

admin@theelementrealty.com

2713 Cornerstone Blvd, Edinburg, Texas 78539, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Element Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1380 Milpa Verde