$1,700,000
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16,068 SqFt
SOLD DATE : 09/27/2024
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 16,068 sqft
Subdivision Redbud #2
MLS Listing ID 430194
Sold Date 09/27/24
HOA Y/N No
Originating Board Greater McAllen
Year Built 1980
Annual Tax Amount $20,500
Tax Year 2024
Lot Size 0.527 Acres
Acres 0.5269
Property Sub-Type Apartment
Property Description
Welcome to your next lucrative investment opportunity! This 16-unit apartment complex boasts 6 beautifully remodeled 2-bed, 2-bath units leasing at $1000+ per month, 9 additional 2-bed, 2-bath units at $800+ each, and a cozy 1-bed, 1-bath unit at $700. With a solid monthly gross rental income of $14,200, this property promises excellent returns. Tenants handle electric bills while the owner covers water expenses. Recent upgrades include new asphalt, siding, and roofs for both buildings, alongside fresh exterior paint. Step into convenience with our newly remodeled on-site laundromat, providing added value for tenants and streamlining management operations. Laundromat income is not included in gross income calculations. Enjoy increased rents by 110% or more, reflecting enhanced value. Don't miss out on this prime investment opportunity!
Location
State TX
County Hidalgo
Community Sidewalks, Street Lights
Rooms
Other Rooms Laundry Facility
Interior
Interior Features Ceiling Fan(s), Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate, Vinyl
Appliance Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
Laundry Laundry Room
Exterior
Exterior Feature None
Fence Partial, Wood
Community Features Sidewalks, Street Lights
View Y/N No
Roof Type Shingle
Garage No
Building
Faces South on 23rd from Trenton. Property is on your left before hitting Oriole.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick,Siding
New Construction No
Schools
Elementary Schools Garza
Middle Schools Fossum
High Schools Rowe H.S.
Others
Tax ID R14000200000010C
Security Features Smoke Detector(s)
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