About 515 Downing Avenue
GENERATING APPROXIMATELY $54,000 A YEAR IN GROSS REVENUE WITH ROOM TO INCREASE! This well-maintained Fourplex features two spacious 3-bed, 2-bath units in the front and two 2-bed, 2-bath units in the rear. Each individually metered unit also features a fully paved, low-maintenance backyard with no grass to maintain. Each unit includes a well-equipped kitchen with oven/stove, refrigerator, microwave, and washer & dryer. Prime location in the gated community of Monmack Landing right in the heart of Edinburg! This Fourplex offers convenience near major shopping centers, restaurants, and UTRGV. A great opportunity for an investor looking to add a multifamily property to their portfolio or for an owner-occupant looking to live in one unit while utilizing the other units for rental income. Schedule your showing today!
Features of 515 Downing Avenue
| MLS® # | 515896 |
|---|---|
| Price | $519,000 |
| Square Footage | 4,080 |
| Acres | 0.23 |
| Year Built | 2018 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 515 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, Washer/Dryer Connection |
| Community Amenities | Gated, Sidewalks, Street Lights |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Mature Trees, Sprinkler System |
|---|---|
| Lot Description | Mature Trees, Sidewalks, Sprinkler System |
| Windows | Energy Features (Double Pane Windows) |
| Roof | Composition Shingle |
| Construction | Stone, Stucco |
| Foundation | Slab |
School Information
| District | Edinburg ISD |
|---|---|
| Elementary | Trevino |
| Middle | B.L. Garza |
| High | Edinburg North H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $500 |
| HOA Fees Freq. | Annually |
| Property Insurance | $3,200 |
| Gross Income | $54,000 |
| HOA Association | Yes |
Listing Details
| Agent | Jeremiah (david) Pena |
|---|---|
| Office | TNT Real Estate |
| Contact Info | 956-435-5836 |