221 MILE 1 ¼ N DRIVE, PALMVIEW, TX 78572
Homes for sale in Palmview.
Homes for sale in 78572.
List Price$1,600,000
221 Mile 1 ¼ N Drive
Palmview, TX 78572
Listing #504212
14,560
Square Feet
20
Number of Units
House
Type
About This Property
Excellent multifamily investment opportunity in Palmview, TX. This fully occupied income producing property features 20 units, each offering 2 bedrooms and 1 bathroom. Conveniently located near shopping, restaurants, schools, and major roadways, this property offers strong rental potential in a rapidly expanding area of the Rio Grande Valley. The property presents an excellent opportunity for investors seeking steady cash flow, long-term appreciation, and a well positioned multifamily asset. Don't miss the chance to add this fully occupied investment property to your portfolio. Call today for additional information or to schedule a private showing.
Property Features
Location Information
County
Hidalgo
Directions
From Expressway 83 exit Bentsen Palm Rd, go north on Bentsen Palm Rd to Mile 1 1/4/Rio Palm St, turn right. Property will be on the right at end of street.
Subdivision
Palm Acres Estate
Interior Features
Interior
Ceiling Fan(s)
Laundry
Laundry Area
Heating
Electric
Appliances
Electric Water Heater, Electric Cooktop, Refrigerator
Cooling
Electric
Total Number of Units
20
Floors
Other, Tile
Features
None
Exterior Features
Construction
Stucco
Fencing
None
Foundation
Slab
Lot Description
Irregular Lot
Roof
Shingle
Lot Size in Acres
2.69
Possession
Closing and Funding
Lot Size in Sq. Ft.
117,193
Septic or Sewer
City Sewer
Buildings
Outbuilding (None)
Parking Description
No Garage
Energy Features
None
Garage Spaces
0
Road Description
Paved
Parking Spaces
20
School
Elementary School District
Mission ISD
Middle School
Garcia
Elementary School
Reyna
High School
Palmview H.S.
Additional Information
Property Type
SFR
Units in Complex
3
Property SubType
Apartment
Taxes
15947
Year Built
1992
Tax Year
2021
APN
P030000000001400
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$7,471
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,765
Monthly Tax
$1,333
Monthly Insurance
$373
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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