About 405 Downing Avenue
Perfect for first-time investors looking to live on-site, this well-maintained 4-plex offers a rare opportunity to generate rental income while building equity. Three units are already rented, providing immediate cash flow, with one 2-bed, 2-bath unit available for an owner-occupant or new tenant. Located minutes from the university and the thriving city of Edinburg, this property is in a high-demand rental area, ensuring strong occupancy rates. Whether you're starting your investment journey or expanding your portfolio, this multifamily gem is a smart move.
Features of 405 Downing Avenue
| MLS® # | 464422 |
|---|---|
| Price | $513,000 |
| Square Footage | 3,960 |
| Acres | 0.23 |
| Year Built | 2017 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 405 Downing Avenue |
|---|---|
| Subdivision | Mon Mack Landing |
| City | Edinburg |
| County | Hidalgo |
| State | TX |
| Zip Code | 78539 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Detached |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet |
| Community Amenities | Gated |
Interior
| Interior Features | Ceiling Fan(s), Microwave |
|---|---|
| Appliances | Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 6 |
| # of Buildings | 2 |
Exterior
| Lot Description | Sidewalks, Sprinkler System |
|---|---|
| Roof | Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Edinburg ISD |
|---|---|
| Elementary | Trevino |
| Middle | B.L. Garza |
| High | Edinburg H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $500 |
| HOA Fees Freq. | Annually |
| Property Insurance | $3,600 |
| Gross Income | $3,600 |
| HOA Association | Yes |
Listing Details
| Agent | Quincy Bonilla |
|---|---|
| Office | Fox Real Estate Pros |
| Contact Info | 956-223-0278 |