121 Melon Dr, Los Fresnos, TX 78566
- $599,400
- 5,760
- SqFt
- List Price
- $599,400
- Price Change
- ▼ $9,100 1784187498
- Status
- ACTIVE
- MLS#
- 29776128
- Living Area
- 5,760
- Lot Size (Acres)
- 1.3776
- Year Built
- 1984
Property Description
Rare investment opportunity with this package of four duplexes being sold together as an 8-plex in the rapidly growing Los Fresnos market. At $6,295 gross monthly income this fully occupied property offers immediate, stable cash flow, making it an ideal addition to any investor's portfolio. Each duplex is 2 bed/ 1 bath on one side and 3 bed / 1 bath on the other. Each unit is well-positioned to meet strong rental demand, while the overall property presents a compelling value-add opportunity for those looking to increase rents, improve operations, or enhance the asset over time. Situated on a generous tract, the property also includes additional land, opening the door for potential expansion or future development—further maximizing your return on investment. Whether you're a seasoned investor or looking to scale your portfolio, this 8-plex delivers both current income and long-term upside in one of the area's most promising markets. Owner is a licensed real estate agent in Texas.
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Additional Information
- Area
- Los Fresnos
- Subdivision
- Garwal Estates
- Interior Features
- High Speed Internet
- Flooring
- Tile
- Heating
- Central
- School District
- Los Fresnos C.I.S.D.
- Elementary School
- Los Fresnos
- Middle School
- Los Cuates
- High School
- Los Fresnos
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Listing courtesy of GRT Realty.