1380 Milpa Verde
$599,000
Property Description
Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you're looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property's excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don't miss the opportunity to unlock the full potential of this unique income-producing property.
Property Details
Listing
- MLS #
- 29777200
- Status
- Active
- Property Type
- Residential Income
- Property Subtype
- Apartment
- List Price
- $599,000
- Days on Market
- 52
Interior
- Bedrooms
- 0
- Bathrooms
- 0
- Living Area
- 9750 Sq Ft
- Appliances
- Electric Water Heater
- Interior Features
- None
Exterior
- Year Built
- 1970
- Lot Size
- 2.5
- Lot Features
- None
- Exterior Features
- None
- Construction Materials
- Wood Siding
- Foundation
- Slab
- Parking
- 30
Location
- Address
- 1380 Milpa Verde, Brownsville TX
- City
- Brownsville
- County
- Cameron
- Subdivision
- Unsubdivided
- School District
- Brownsville I.S.D.
- Elementary School
- Garza
- Middle School
- Besteiro
- High School
- Lopez
- Latitude
- 25.8853473
- Longitude
- -97.4508126
Financial & MLS
- Listing Agent
- Cesar Cepeda
- Listing Office
- GRT Realty
- List Agent Email
- ccepeda.jr@yahoo.com
- Modification Timestamp
- 2026-08-05T02:34:19.000Z
Property Location
1380 Milpa Verde, Brownsville TX
1380 Milpa Verde, Brownsville TX
Mortgage Estimate
Listing information is supplied for consumer review and may change without notice. Last listing update: 2026-08-05T02:34:19.000Z. Verify price, availability, property condition, school assignments, measurements, and showing instructions before making decisions.
