4245 Southmost RdBrownsville, TX 78521

  • Commercial real estate
  • 2,065 SF
For Sale
$750,000 View listing

Property Details for 4245 Southmost Rd

Year built
1995
Lot size
0.11 AC
Property size (Sq ft)
2,065 SF
Zone code
C
Property type
Commercial real estate
APN
03-9995-0010-0040-00
APU
399950010004000

Description

This exceptional multi-use property, located at 4245 Southmost Rd., Brownsville, TX 78521, presents a unique investment opportunity. Built in 1995, the two-story building boasts a total of 5,000 square feet and is currently configured to generate rental income. The upper floor comprises three apartments, each featuring two bedrooms and one bathroom. These units have been recently refurbished and are in like-new condition. On the ground floor, there is a one-bedroom apartment and a substantial 1600 square foot space ideal for a variety of uses, including office space, retail, or event venue. The versatility of this space allows for significant adaptability to meet diverse business needs or expansion opportunities. The property is situated in Cameron County, Texas, offering convenient access to local amenities and transportation networks. The asking price for this turnkey investment is $750,000, with owner financing available with a $200,000 down payment. This presents a compelling opportunity for investors seeking a strong return on investment in a thriving Texas market. The property's recent refurbishment minimizes immediate capital expenditure needs, allowing for a rapid return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $468,284
    Hospitality
    $428,945
    Educational
    $356,878
    Medical
    $369,151
    Retail
    $555,143

Location Insight

City
Brownsville
County
Cameron
State
Texas
Latitude
25.8974
Longitude
-97.4503
CBSA code
15180
CBSA name
BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,554
$60,000
$174,194
$234,194
-
$60,000
$174,194
$234,194

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