Investor special in Rio Grande City! This 4-plex offers 3,159 sq ft of gross building area per appraisal and is priced at only $146,900, making it a hard-to-find 4-unit opportunity at this price point. Currently 2 of 4 units are rented, giving the next owner existing income while leaving room to improve, stabilize, and reposition the property. The property needs repairs and updating, but the price reflects the condition and creates a compelling value-add opportunity. Features include multiple unit sizes, tile flooring, covered porch/patio areas, paved access, and a chain-link fenced lot. Bring your vision and turn this multifamily property into a stronger income-producing asset. Sold as is.
Listing courtesy of Tnt Real Estate.