Remarks

"Too good of an area to be vacant" You are not just buying the property, you area also buying the RELIABILITY. A huge factor. YOUR MONEY STREAM AWAITS. FULLY LEASED 10 Unit commercial plaza downtown edinburg with PARKING LOT, 29 private parking spots. Walking distance to the new hidalgo county courthouse. Income producing property. Beautiful stucco building with pole sign, lights, roof signs, in an incredible location. Units range from 615 sqft and 1,200 sqft. Monthly rental income of $10,050 as Dec 2023, with an annual income of $117,300 and an NOI of $105,089.20. Minimal maintenance. Rents have room for increase, tenants have been consistent for years. This is a reliable income generating investment that will only continue to grow in equity and income. Especially being located in the heart of the fastest growing city in the McAllen-Edinburg-Mission metropolitan area: the fastest growing metropolitan area in Texas! You won't find a better long term commercial investment.

Details

MLS#: 423363
Price: $1,350,000

Style: Commercial
Sq Ft: 8604
Year Built: 2008

County: Hidalgo
Subdivision: Edinburg Original Townsite
Tax Fee: 16062