27159 Palm Blvd.

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27159 Palm Blvd.

Harlingen, TX 78552
Asking Price
$165K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Development site consisting of 2.09 acres of residential land.
  • Property is listed for sale at an asking price of $165,000.
  • Located on Palm Blvd. within the Harlingen market area.
  • Suitable for residential housing projects or individual development plans.
  • Positioned in a growing region of the Rio Grande Valley.

What's Special

This 2.09-acre residential land parcel at 27159 Palm Blvd. presents an accessible development site in Harlingen, Texas. Situated within a growing region of the Rio Grande Valley, the property provides sufficient space for single-family residential projects or custom housing developments. Harlingen serves as a primary hub for commerce and logistics in the area, benefiting from proximity to major transit corridors and steady population growth that drives demand for new housing inventory. Investors and developers can utilize this acreage to capitalize on the increasing need for residential sites in this submarket. The flat topography and location within the 78552 ZIP code make it a practical selection for those looking to expand their portfolio or initiate a build-to-suit project in a stable market environment.

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NOI
$80,000
Cap Rate
48.48%
DSCR
8.17
Strong
Cash-on-Cash
141.83%
Monthly Payment
$816.33
Annual Cash Flow
$70,204.04

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