$165,000
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2,660 SqFt
SOLD DATE : 11/21/2022
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,660 sqft
Subdivision Edinburg Original Townsite
MLS Listing ID 386679
Sold Date 11/21/22
HOA Y/N No
Originating Board Greater McAllen
Year Built 1978
Annual Tax Amount $4,069
Tax Year 2021
Lot Size 6,699 Sqft
Acres 0.1538
Property Description
Investment opportunity now live! This triplex has a lot of opportunity for improvement, located near UTRGV and the Edinburg courthouse. Front unit is used as a commercial space (thrift store) leased at $825 for several years. Market rent could be $1200+. Back unit is a 2 bed/1 bath for $500 also a long term tenant, with a potential of $750 market rent. Top unit is currently vacant and needs investment to be finished out to be habitable. This is an ideal property to add to an investment portfolio and increase value, or even to live in one unit and rent out the others!
Owner finance terms: 195k sale price, 20k down, 30 year term, 11% interest
Monthly payments: $1,666.57 -- Not including taxes and insurance.
WILL NOT BE SHOWN WITHOUT PROOF OF FUNDS OR PRE-APPROVAL. OWNER FINANCE BUYERS WILL NEED TO PROVIDE A PROOF OF FUNDS AND INCOME
Location
State TX
County Hidalgo
Community Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Flooring Laminate
Appliance Electric Water Heater, No Conveying Appliances
Laundry Laundry Closet
Exterior
Exterior Feature None
Carport Spaces 5
Fence None
Community Features Street Lights
Waterfront No
View Y/N No
Roof Type Shingle
Total Parking Spaces 5
Garage No
Building
Lot Description Alley
Faces Next to Chano’s bar, between schunior and Van Week
Story 2
Foundation Pillar/Post/Pier
Sewer City Sewer
Water Public
Structure Type Siding
New Construction No
Schools
Elementary Schools Austin
Middle Schools B.L. Garza
High Schools Edinburg H.S.
Others
Tax ID E330000100001000
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