Attention All Investors! Don't miss this incredible investment opportunity! 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 units and one 3-bedroom 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!
For sale
Price cut: $100K (7/9)
$699,000
1502 Diamond Ave, Penitas, TX 78576
17beds
9baths
10,164sqft
Est.:
Multi Family
Built in 2003
-- sqft lot
$-- Zestimate®
$69/sqft
$-- HOA
What's special
- 209 days
- on Zillow |
- 62 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 01:41pm
Listed by:
Marisol Q. Morris 956-330-0528,
Berkshire Hathaway Homeservice
Source: Greater McAllen AOR,MLS#: 457211
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 9
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Refrigerator, Stove/Range
- Laundry: Laundry Area
Features
- Ceiling Fan(s)
- Flooring: Tile
- Windows: Double Pane Windows
Interior area
- Total structure area: 10,164
- Total interior livable area: 10,164 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage, Other Garage or Carport
- Carport spaces: 4
Features
- Exterior features: None
- Fencing: Chain Link
Lot
- Size: 1 Acres
Details
- Additional structures: Outbuilding (None)
- Parcel number: A493002000009A00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Anadal
HOA
- Has HOA: No
Location
- Region: Penitas
Financial & listing details
- Price per square foot: $69/sqft
- Annual tax amount: $19,693
- Date on market: 1/17/2025
- Road surface type: Paved
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