Yadira Lopez · REALTOR® · TREC #801199 · RCR Real Connect Realty (broker license #9012393)

Property sheet · MLS# 29777200 · https://yadiralopez.com/properties/1380-milpa-verde-brownsville-tx-78521-29777200

Income property · For sale

1380 Milpa Verde, Brownsville, TX 78521

$599,000

17
units
9,750
ft²

MLS# 29777200 · Listed by Cesar Cepeda, GRT Realty · Tel. 956-254-0869

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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.

Details

Type
Income property · Apartment
Status
For sale
MLS#
29777200
Price
$599,000
Price per ft²
$61
Units
17
Living area
9,750 ft²
Lot size
2.5 acres
Year built
1970
Subdivision
Unsubdivided
City
Brownsville
County
Cameron
Days on market
138
Listed
Jun 15, 2026
Last updated
Aug 4, 2026, 9:34 PM CT

Location

1380 Milpa Verde, Brownsville, TX 78521 Open in Google Maps (opens in a new tab)

$599,000MLS# 29777200
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