Great investment opportunity in the growing city of Penitas Texas! This well maintained 6-plex features a new roof less than a year old, is fully occupied and generates $4,400 monthly. Don't miss out on this opportunity of stable cash flow and potential growth. Schedule a showing and secure this investment today!
Introducing a lucrative investment opportunity in Penitas, TX! Conveniently located just off Liberty Blvd -corner with Dogwood St. Features 4 Units; offering 2 Bedrooms and 1 Bath, totaling 3052 sq. ft. of living space.. This property promises excellent potential for passive income & long term growth with $32,700.00 Lot Information: .47 Acreage Lot Size Area: 20,473.20 Lot size Units 763 sq. ft. Lot Features Corner lot. Water Source: Public city of Penitas Appliances: W-Heater -Refrigerator - Stove- Laundry: Washer/Dryer conveying Security Features: Smoke Detectors Utilities: 4 Electricity Meters 1 Water meter Tax Information: $2371. Tax legal Description: N6720-02-000-0086-00 Zone Code: B1 Fenced: Chain link
The median home value in Penitas, TX is $128,600. This is lower than the county median home value of $166,400. The national median home value is $338,100. The average price of homes sold in Penitas, TX is $128,600. Approximately 73.75% of Penitas homes are owned, compared to 15.43% rented, while 10.82% 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 78576 has a population of 6,206. Penitas 78576 is more family-centric than the surrounding county with 45.35% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Penitas, Texas 78576 is $46,135. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Penitas 78576 is 28.3 years.
The average high temperature in July is 97.5 degrees, with an average low temperature in January of 48.7 degrees. The average rainfall is approximately 21.5 inches per year, with 0.1 inches of snow per year.