515 Downing Avenue, Edinburg, TX 78539

$519,000
4,080
SqFt

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List Price
$519,000
Status
ACTIVE
MLS#
515896
Year Built
2018
Living Area
4,080
Lot Size
10,079
Acres
0.23
Subdivision
Mon Mack Landing
MLS Area Major
Edinburg

Property Description

GENERATING APPROXIMATELY $54,000 A YEAR IN GROSS REVENUE WITH ROOM TO INCREASE! This well-maintained Fourplex features two spacious 3-bed, 2-bath units in the front and two 2-bed, 2-bath units in the rear. Each individually metered unit also features a fully paved, low-maintenance backyard with no grass to maintain. Each unit includes a well-equipped kitchen with oven/stove, refrigerator, microwave, and washer & dryer. Prime location in the gated community of Monmack Landing right in the heart of Edinburg! This Fourplex offers convenience near major shopping centers, restaurants, and UTRGV. A great opportunity for an investor looking to add a multifamily property to their portfolio or for an owner-occupant looking to live in one unit while utilizing the other units for rental income. Schedule your showing today!

Additional Information

Amenities
Gated, Sidewalks, Street Lights
Interior Features
Ceiling Fan(s)
Exterior Features
Mature Trees, Sprinkler System
Taxes
$9,837
HOA Fee
$500
HOA Frequency
Annually
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Heating
Central, Electric
Air Conditioning
Central Air, Electric
Stories
1
Foundation
Slab
Parking Features
Detached
School District
Edinburg ISD
Elementary School
Trevino
Middle School
B.L. Garza
High School
Edinburg North H.S.

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Calculator source: Real Geeks

Listing courtesy of Jeremiah (David) Pena with Tnt Real Estate