1502 DIAMOND AVENUE, PENITAS, TX 78576
Homes for sale in Penitas.
Homes for sale in 78576.
1502 Diamond Avenue
Penitas, TX 78576
List Price$620,000
Listing #492422
10,164
Square Feet
8
Number of Units
Multi-Unit Residential
Type
About This Property
Attention All Investors! Incredible investment opportunity to own a fully occupied/rented 8-plex! Located just north of U.S. 83 (I-2), is a well maintained 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features seven spacious 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is the perfect choice. Hurry and take advantage of this fantastic opportunity before it's gone!
Property Features
Location Information
County
Hidalgo
Directions
From Expressway 83 travel north on Tom Gill Rd to Diamond Ave, then turn left onto Diamond Ave.
Subdivision
Anadal
Interior Features
Interior
Ceiling Fan(s)
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Heating
Central, Electric
Total Number of Units
8
Cooling
Central Air, Electric
Features
None
Floors
Tile
Windows/Doors Description
Energy Features (Double Pane Windows)
Laundry
Laundry Area
Exterior Features
Construction
Brick
Garage Spaces
0
Foundation
Slab
Parking Spaces
0
Roof
Shingle
Fencing
Chain Link
Possession
Closing and Funding
Lot Size in Acres
1.005
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
43,773
Water
Public
Buildings
Outbuilding (None)
Security Features
Smoke Detector(s)
Road Description
Paved
Parking Description
No Garage, Other Garage or Carport
School
Elementary School District
La Joya ISD
Middle School
Chavez
Elementary School
JFK
High School
La Joya H.S.
Additional Information
Property Type
RI
Units in Complex
8
Property SubType
Multi Family
Taxes
19693
Year Built
2003
Tax Year
2023
APN
A493002000009A00
Square Feet Source
Seller Measured
Status
Active
Similar Listings
Mortgage Calculator
$2,894
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,234
Monthly Tax
$516
Monthly Insurance
$144
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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