1380 Milpa Verde, Brownsville, TX 78521
Local realty services provided by:CENTURY 21 Johnston Company
Listed by: cesar cepeda
Office: grt realty
MLS#:29777200
Source:TX_RGV
Price summary
- Price:$599,000
- Price per sq. ft.:$61.44
About this home
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.
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Home facts
- Year built:1970
- Subdivision & Development:UNSUBDIVIDED
- Listing ID #:29777200
- Added:68 day(s) ago
- Updated:August 23, 2026 at 02:52 PM
Rooms and interior
- Living area:9,750 sq. ft.
Structure and exterior
- Year built:1970
- Building area:9,750 sq. ft.
- Lot area:2.5 Acres
- Construction Materials:Wood Siding
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:LOPEZ
- Middle school:BESTEIRO
- Elementary school:GARZA
Utilities
- Water:Public
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$61.44
Parking
- Parking description:4+ Car
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