$389,900
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4,532 SqFt
SOLD DATE : 01/03/2022
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,532 sqft
Subdivision Mon Mack Terrace #2
MLS Listing ID 369197
Sold Date 01/03/22
HOA Y/N No
Originating Board Greater McAllen
Year Built 2015
Annual Tax Amount $10,219
Tax Year 2021
Lot Size 0.322 Acres
Acres 0.3219
Property Description
Discover your new investment opportunity with this remarkable 4-plex. Located on a .32 ac corner lot in the Mon Mack Terrace #2 subdivision, about 1 mile from the University of Texas RGV, lie these spacious 2 bed/2 bath apartments. Built in 2015, this property was designed leaving no detail behind with granite countertops, kitchen island, recessed lighting, decorative vaulted ceilings, timeless tile, alarm system, sprinkler system, beautiful landscaping, 8 covered carport spaces and a privately fenced backyard. Refrigerators, stoves, microwaves, washers and dryers convey with the sale. The seasoned tenants enjoy the spacious 1,133 sq ft apartments which are comparable to a small house. This cash flowing 4-plex is leasing three units to long term tenants for $875. One unit is currently leased for $925. There is still room for greater cash flow since these apartments should be rented between $900-$950. Schedule a showing today and start generating more cash flow.
Location
State TX
County Hidalgo
Community Curbs, Sidewalks
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Dryer, Microwave, Washer
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Laundry Laundry Closet, Washer/Dryer Connection
Exterior
Exterior Feature Sprinkler System
Carport Spaces 8
Fence Irrigation, Landscaped, Privacy, Wood
Community Features Curbs, Sidewalks
Waterfront No
View Y/N No
Roof Type Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Sprinkler System
Faces From University (107), go north on MonMack , then turn west (left) on Joby St. and then north (right) on Sal St. The property will be on the west (left) side.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick,Stone,Stucco
New Construction No
Schools
Elementary Schools Trevino
Middle Schools B.L. Garza
High Schools Edinburg North H.S.
Others
Security Features Smoke Detector(s)
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