1380 Milpa Verde, BROWNSVILLE, TX

$599,000

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9,750

Square feet

2.50

Acres

About 1380 Milpa Verde

Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you're looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property's excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don't miss the opportunity to unlock the full potential of this unique income-producing property.

Features of 1380 Milpa Verde

MLS® # 29777200
Price $599,000
Square Footage 9,750
Acres 2.50
Year Built 1970
Type Multi-Family
Sub-Type Apartment (10+)
Status Active

Community Information

Address 1380 Milpa Verde
Area Brownsville
Subdivision UNSUBDIVIDED
City BROWNSVILLE
County CAMERON
State TX
Zip Code 78521

Amenities

Amenities None
Features None
Parking Spaces 30
Garages 4+ Car
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Interior Features Vinyl
Appliances None
Heating Other
Fireplace No
Stories One
Has Basement No

Exterior

Exterior Wood Siding
Exterior Features None
Lot Description None
Foundation Slab

School Information

District BROWNSVILLE I.S.D.
Elementary GARZA
Middle BESTEIRO
High LOPEZ

Additional Information

Foreclosure No

Listing Details

AgentCesar Cepeda
OfficeGRT Realty
Contact Info9562540869

Listing Map

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