6704 Palmera CIR Edinburg, TX 78542
5 Beds
2 Baths
2,000 SqFt
UPDATED:
10/08/2024 09:01 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Subdivision Las Villas Del Valle
MLS Listing ID 451072
Bedrooms 5
Full Baths 2
HOA Y/N No
Originating Board Greater McAllen
Year Built 1979
Annual Tax Amount $1,449
Tax Year 2024
Lot Size 0.500 Acres
Acres 0.5
Property Description
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.
Location
State TX
County Hidalgo
Community None, Other
Rooms
Dining Room Living Area(s): 1
Interior
Interior Features Countertops (Laminate), None
Heating Other HVAC
Cooling Other HVAC, Wall Unit(s), Window Unit(s)
Flooring Laminate
Appliance Electric Water Heater, Other
Laundry Laundry Area
Exterior
Exterior Feature Other
Fence Wood
Community Features None, Other
Waterfront No
View Y/N No
Roof Type Shingle
Parking Type Other Garage or Carport
Garage No
Building
Faces From I-69C, take the exit for Monte Cristo Rd and head east. Turn left onto Palmera Circle, and 6704 will be on your right.
Story 1
Foundation Pillar/Post/Pier
Sewer City Sewer
Structure Type Frame/Wood
New Construction No
Schools
Elementary Schools Esparza
Middle Schools Barrientes
High Schools Edinburg H.S.
Others
Tax ID L339800002000200