3803 Clavel StPalmview, TX 78572

Property Details for 3803 Clavel St

Year built

1999

Property type

Apartment buildings

Description

This exceptional 8-unit apartment building, constructed in 1999, presents a compelling investment opportunity in Palmview, Texas. Located at 3803 Clavel Street, 78572, this property sits on a sizable 11,661.01 square foot lot. The building comprises eight 2-bedroom, 1-bathroom units, each featuring all-wood cabinetry and tile flooring throughout. Separate living and dining areas add to the appeal, and kitchen appliances are included. Each unit boasts two designated parking spaces for resident convenience. Currently, all units are leased, providing immediate cash flow, with potential for rental increases upon lease renewal. Tenants are responsible for their own electricity and water; individual water meters are installed for each unit. The owner's responsibilities are limited to landscaping and dumpster fees, minimizing operational overhead. The property's advantageous location near excellent schools and the expressway ensures high occupancy rates and ease of commuting for residents. This turnkey investment is zoned for multifamily use and offers a strong return on investment. The property's size and location make it an ideal addition to any portfolio. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable Texas market.

Location Insight

City

Palmview

County

Hidalgo

State

Texas

Latitude

26.2372

Longitude

-98.4108

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