Explore this outstanding investment opportunity in a well-maintained, multi-unit property featuring 8 units with a solid rental history. This turnkey operation consists of seven 2-bedroom units and one spacious 3-bedroom unit, all currently tenant-occupied, ensuring immediate rental income. Each unit is designed for comfort and convenience, making it highly attractive to potential renters. This property is an ideal choice for investors seeking a stable income stream and excellent long-term value. Don't miss out on this chance to expand your real estate portfolio with a proven income-producing asset.
The median home value in Penitas, TX is $105,600. This is higher than the county median home value of $97,500. The national median home value is $219,700. The average price of homes sold in Penitas, TX is $105,600. Approximately 76.88% of Penitas homes are owned, compared to 11.16% rented, while 11.96% are vacant. Penitas 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 Penitas real estate agent to arrange a tour today!
Penitas, Texas has a population of 4,795. Penitas is more family-centric than the surrounding county with 52.19% of the households containing married families with children. The county average for households married with children is 38.66%.
The median household income in Penitas, Texas is $40,264. 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 Penitas is 26.9 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.