$650,000
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7,040 SqFt
SOLD DATE : 10/10/2022
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,040 sqft
Subdivision La Reyna
MLS Listing ID 381547
Sold Date 10/10/22
HOA Y/N No
Originating Board Greater McAllen
Year Built 2022
Annual Tax Amount $10,349
Tax Year 2021
Lot Size 0.488 Acres
Acres 0.4877
Property Sub-Type Multi Family
Property Description
Calling all investors! New 8 apartment complex in growing town of Progresso, Tx. This complex features 8 two bed two bath units with a projected rent of $750 each and a projected Cap rate of almost 9%!!! Property includes tankless water heaters and foam insulation on the roof to make them energy efficient. Call today for your private showing before they are gone!
Location
State TX
County Hidalgo
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater, Other
Laundry Laundry Closet
Exterior
Exterior Feature Other
Fence Decorative Metal
Community Features None
Utilities Available Cable Available
View Y/N No
Roof Type Shingle
Garage No
Building
Faces From expressway 83 and International Blvd (FM 1015) head south. Keep right to Business FM 1015. When you are approaching Progresso High School, turn right on JR Becerra Ave. Property will be on right side.
Story 1
Foundation Slab
Sewer City Sewer
Structure Type Brick
New Construction No
Schools
Elementary Schools Progreso
Middle Schools Dorothy Thomas
High Schools Progreso H.S.
Others
Tax ID L187000002001800
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