Owner Finance Available
703 E Lovett St
Edinburg, TX 78541
🛏️
5
Bedrooms
🚿
3
Bathrooms
📏
2,375
Sq Ft
📅
1961
Year Built
Edinburg, TX 78541
5
Bedrooms
3
Bathrooms
2,375
Sq Ft
1961
Year Built
Investment Opportunity! This triplex offers great potential for improvement and increased value, ideally located near UTRGV and the Edinburg Courthouse. The property is located in two lots with a total area of 0.32 acre and consists of two front units (2 bed / 1 bath each) currently leased at $800 and $550, plus a back unit (1 bed / 1 bath) leased at $550. With some updates, this property has strong upside, perfect for adding to an investment portfolio or for an owner-occupant looking to live in one unit and rent out the others. Owner Financing Available: Down Payment: 35%, Terms: 30-year amortization at 10% interest, Balloon: 5 years
Property Type
Multi_family
Year Built
1961
HOA
None
Listed Price
$219,000
Free account - No credit card required
Owner financing means the seller of 703 E Lovett St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Edinburg, TX is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Edinburg property.