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About This Home
This 8-bedroom, 5-bathroom residential multi family at 421 Panahi Road in Socorro, TX is listed for $380,000 ($133 per sqft). Built in 1987, the home offers 2,862 sqft of living space on a 0.22 acres lot.
A solid income property in a strong rental area! This well-maintained four-plex offers two 1-story units (2 bed / 1 bath / 591 sq ft) and two 2-story units (2 bed / 1 bath / 840 sq ft). Each unit features tile flooring, washer/dryer hookups, free-standing gas oven, and individual electric/gas meters.
Central heating and evaporative cooling keep maintenance simple and costs low. Located between Socorro Rd and Alameda Ave in the Socorro ISD, this property benefits from steady rental demand and easy access to schools, shops, and major routes. Current gross income is approximately $36,000 per year, with room to increase rents and maximize overall revenue. Owner pays only water and sewer.
Key Features
- Built in 1987
- 0.22 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,032/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
421 Panahi Road
Socorro, TX 79927
Friedman Estates
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 421 Panahi Road is listed at $380,000 ($133/sqft). The estimated monthly payment is $1,647 based on 20% down at 6.5% interest.
Key features include: Built in 1987, 0.22 acre lot, 2 stories. Interior Features: Ceiling Fan(s), Handicap Access.
This property is listed by Jorge Daniel Leon and can be reached at 9156671345 or jorgeleonre@gmail.com.
