About This Home

This 0-bedroom, 0-bathroom commercial at 705 N Broadway Street #Fm88 in Elsa, TX is listed for $325,000 ($54 per sqft). Built in 1990, the home offers 5,969 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1990
  • 0.29 acre lot
  • 2 stories
  • 14 parking spaces

Property Details

2 stories
12-car garage
#Fm88
1990

Amenities

A/C
Listing Description

Prime investment opportunity in the heart of downtown Elsa! This versatile mixed-use retail building is located in a high-traffic area, offering excellent visibility and accessibility for business and residential use. The property features a retail storefront with strong exposure, along with 12 rooms currently utilized as apartment-style rentals.

The residential portion includes 4 bathrooms and 2 kitchens, providing functional living arrangements for tenants. Property generates apartment rental income, contributing to a total monthly income of $2,400. Great opportunity for investors seeking a centrally located, income-producing property with consistent cash flow and upside potential.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

705 N Broadway Street #Fm88

Elsa, TX 78543

Elsa Townsite

Features & Amenities

Exterior Features

BalconyWorkshop

Property Details

Construction

Solid Masonry

Parking

On StreetOff Street

Cooling

Window Unit(s)

Appliances

Electric Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 705 N Broadway Street is listed at $325,000 ($54/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 0.29 acre lot, 2 stories, 14 parking spaces. Exterior Features: Balcony, Workshop.

This property is listed by Maggie Harris.

MH

Maggie Harris

Agent at RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV

Listed by RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV · Broker phone: (956) 566-8377

MLS# 502332· Source: Greater McAllen Association of Realtors· 1 day on PropertySimple

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

705 N Broadway Street #Fm88, Elsa, TX 78543

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