About 337 Colorado Ave.
Turn-key, fully leased multi-family investment opportunity in a prime Rio Hondo location with excellent visibility just off the main road. This exceptionally maintained property features four units consisting of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, with stable, long-term tenants already in place for immediate income. Recent improvements include a new roof (2025), rebuilt stairs (2024), replacement of cracked windows (2025), and freshly painted trim and stairs (2026). All water heaters have been replaced within the past three years, and all A/C units have been updated within the past eight years, providing added value and peace of mind. Conveniently located with easy access to shopping, dining, schools, and some of the area's best fishing, this well-maintained property is an excellent opportunity to add a quality, income-producing asset to your investment portfolio!
Features of 337 Colorado Ave.
| MLS® # | 29778471 |
|---|---|
| Price | $323,000 |
| Square Footage | 2,552 |
| Acres | 0.27 |
| Year Built | 2004 |
| Type | Multi-Family |
| Sub-Type | Multiplex (2-10) |
| Status | Active |
Community Information
| Address | 337 Colorado Ave. |
|---|---|
| Area | Rio Hondo |
| Subdivision | MORNING GLORY |
| City | RIO HONDO |
| County | CAMERON |
| State | TX |
| Zip Code | 78583 |
Amenities
| Amenities | None |
|---|---|
| Features | Off Street Parking |
| Parking Spaces | 8 |
| Garages | No Carport, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Interior Features | Tile |
| Appliances | Range, Refrigerator |
| Heating | Central, Electric |
| Fireplace | No |
| Stories | Two |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | None |
| Lot Description | None |
| Windows | Double Pane Windows |
| Foundation | Slab |
School Information
| District | RIO HONDO I.S.D. |
|---|---|
| Elementary | RIO HONDO |
| Middle | RIO HONDO |
| High | RIO HONDO |
Additional Information
| Foreclosure | No |
|---|
Listing Details
| Agent | Jacquelyn Wright |
|---|---|
| Office | MARCUS PHIPPS REAL ESTATE, LLC |
| Contact Info | 9564235300 |