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1502 Diamond Ave 8 Unit Apartment Building $847,974 CAD ($105,997 CAD/Unit) Penitas, TX 78576
Investment Highlights
- 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. A solid investment.
- Conveniently located near major roadways, shopping centers, and dining options.
- This 8-plex offers both a prime location and exceptional value.
Executive Summary
8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features seven spacious 2-bedroom units and one 3-bedroom unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is the perfect choice. Take advantage of this fantastic opportunity before it's gone.
Property Facts
| Price | $847,974 CAD | Building Class | C |
| Price Per Unit | $105,997 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2003 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM | ||
| Price | $847,974 CAD |
| Price Per Unit | $105,997 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 1,000 |
| 3+2 | 1 | - | 2,000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | A4930-02-000-009A-00 | Improvements Assessment | $958,075 CAD |
| Land Assessment | $119,915 CAD | Total Assessment | $1,077,991 CAD |
Property Taxes
Parcel Number
A4930-02-000-009A-00
Land Assessment
$119,915 CAD
Improvements Assessment
$958,075 CAD
Total Assessment
$1,077,991 CAD
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1502 Diamond Ave
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