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Listed by Jesus Garcia • Balboa Realty
$739,000
Est. payment /mo
0.43 Acres Lot
New
7432 LAKESIDE DR. Olmito, TX 78526
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Key Details
Property Type Multi-Family
Sub Type Multiplex (2-10)
Listing Status Active
Purchase Type For Sale
Subdivision Olmito Original Townsite Groves
MLS Listing ID 29766414
Year Built 2016
Lot Size 0.430 Acres
Property Sub-Type Multiplex (2-10)
Property Description
Turnkey Multifamily Investment – Two Fully Occupied Triplexes Incredible investment opportunity! This property features two well-maintained triplex apartment buildings (6 total units) situated on nearly half an acre in a desirable and high-demand rental area. Each unit is approximately 1,150 sq. ft. and offers a spacious 2-bedroom, 2-bath layout with a full suite of appliances included—refrigerator, stove, washer, and dryer. Property Highlights: Two 3-plex buildings (6 units total) Each unit is 2 Bed / 2 Bath – approx. 1,150 sq. ft. All appliances convey: Refrigerator, stove, washer, and dryer Currently 100% occupied $1,000/month per unit in rental income Located in a highly rated school district Only 10 minutes to shopping, restaurants, and hospitals Strong rental demand and low vacancy area This is a fully leased, income-producing property with upside potential in a growing market. Ideal for investors looking for stable cash flow with minimal upkeep.
Location
State TX
County Cameron
Area Olmito
Interior
Interior Features Cable TV, Walk-in Closet(s)
Heating Central
Flooring Tile
Exterior
Exterior Feature Slab
Parking Features 4+ Car, No Garage, Other
Fence Wood
Community Features None
Building
Story One
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools Villarreal
Middle Schools Resaca
High Schools Los Fresnos
School District Los Fresnos C.I.S.D.
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional