About Falcon Street
Build, build, build! Welcome to an exceptional opportunity to own a prime vacant lot in a serene one-street gated community, perfectly situated at the end of a quiet cul-de-sac. This property is zoned for a multi-family structure, allowing for the construction of four beautiful townhouses, each sitting on its own lot. Envision a charming two-story brick building that complements the existing architecture of the neighborhood, offering modern living with a classic touch. This unique development opportunity can also be used to build the structure, live in one unit, and rent out the other three, maximizing your investment potential. You can also choose to sell the townhouses individually or retain them as part of your portfolio and take advantage of the strong rental market in the area, where average rents currently are approximately $1,250. Come explore the potential this lot has to offer!
Features of Falcon Street
| MLS® # | 470547 |
|---|---|
| Price | $95,000 |
| Square Footage | 11,761 |
| Acres | 0.27 |
| Type | Land |
| Sub-Type | Residential Lot |
| Status | Active |
Community Information
| Address | Falcon Street |
|---|---|
| Subdivision | Las Villas Del Rio |
| City | Rio Grande City |
| County | Starr |
| State | TX |
| Zip Code | 78582 |
Amenities
| Utilities | None |
|---|---|
| Is Waterfront | No |
| Water Supplier | Public, City |
| Sewer | City Sewer |
| Community Amenities | Curbs, Gated, Street Lights |
Exterior
| Lot Description | Cul-De-Sac |
|---|
School Information
| District | Rio Grande ISD |
|---|---|
| Elementary | Ramirez |
| Middle | Ringgold |
| High | Rio Grande City H.S. |
Additional Information
| Zoning | RS |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| HOA Fees | $460 |
| HOA Fees Freq. | Annually |
| Present Use | Multi-Family |
| Zoning | RS |
| Annual Tax | $599 |
| Suitable Use | Residential |
| Crops | None |
| Land Access | Paved |
| HOA Association | Yes |
Listing Details
| Agent | Cecilia Olivarez |
|---|---|
| Office | HCH Realty |
| Contact Info | 956-353-2401 |