RCR Real Connect Realty
Active Residential Income MLS # 29777200

1380 Milpa Verde

$599,000

0 Bedrooms 0 Bathrooms 9750 Sq Ft

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

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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.

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