24514 FM 508 Road

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24514 FM 508 Road

Harlingen, TX 78550
Asking Price
$250K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 2.795 acres in Harlingen
  • Asset listed for sale at an asking price of 249900 dollars
  • Site coordinates identified as 26.2470 latitude and -97.6284 longitude
  • Located within the growing and accessible Rio Grande Valley region
  • Suitable acreage for custom residential development or new home construction

What's Special

Construct a residential development on this 2.795-acre parcel located at 24514 FM 508 Road in Harlingen, Texas. This property provides significant acreage for residential use cases, offering space for custom home construction or a larger residential project. Harlingen serves as a key component of the Rio Grande Valley, benefiting from a growing economy and steady regional population. The site at 26.2470, -97.6284 is positioned to take advantage of the area's ongoing development and accessibility to the broader metropolitan region. Investors and builders will find this site well-suited for projects requiring open land within this expanding Texas market.

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NOI
$80,000
Cap Rate
32.01%
DSCR
5.39
Strong
Cash-on-Cash
86.92%
Monthly Payment
$1,236.369
Annual Cash Flow
$65,163.574

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