This brick fourplex offers two generously-sized 2-bedroom, 1-bath units, conveniently located near major highways and esteemed schools. With rental rates currently below market value, this property holds immense potential for value appreciation and steady cash flow. Embrace the path to financial freedom by strategically investing in this prime location. Take action today to secure your future prosperity.
Coldwell Banker Commercial is pleased to offer this 8-Unit income producing asset located in La Joya, Texas. La Joya is a fast growing city in the Rio Grande Valley with an increasing population and a heavily growing demand for residential and multi-family rentals. This newly constructed (2022) multi-plex is an excellent opportunity for portfolio expansion and diversification. Sitting on 0.42 Acres, the site includes a fully covered parking area, central A/C, and in-unit washer and dryer connections. With a high occupancy rate, stable income, and a growing submarket, this property is an excellent opportunity for any investor.
The median home value in La Joya, TX is $89,200. This is lower than the county median home value of $97,500. The national median home value is $219,700. The average price of homes sold in La Joya, TX is $89,200. Approximately 52.87% of La Joya homes are owned, compared to 34.31% rented, while 12.82% are vacant. La Joya real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a La Joya real estate agent to arrange a tour today!
La Joya, Texas has a population of 4,229. La Joya is more family-centric than the surrounding county with 44.54% of the households containing married families with children. The county average for households married with children is 38.66%.
The median household income in La Joya, Texas is $29,003. The median household income for the surrounding county is $37,097 compared to the national median of $57,652. The median age of people living in La Joya is 24.6 years.
The average high temperature in July is 97.3 degrees, with an average low temperature in January of 48 degrees. The average rainfall is approximately 23.1 inches per year, with 0.2 inches of snow per year.