$275,000
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3,898 SqFt
SOLD DATE : 09/08/2023
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,898 sqft
Subdivision Porcion 78
MLS Listing ID 410680
Sold Date 09/08/23
HOA Y/N No
Originating Board Greater McAllen
Year Built 1995
Annual Tax Amount $5,859
Tax Year 2023
Lot Size 0.490 Acres
Acres 0.49
Property Description
Great investment Opportunity located in Rio Grande City with 214 ft of Highway Frontage. This property features 8 Apartment units (7 units with 1 bed/1 bath & 1 unit with 2 bed/1 bath) and 1 Home; fully renovated 3 bed/1 bath. Roofs on all 3 buildings have recently been re-shingled. Annualized Gross Income near $50,000. Long term tenants and presently all Leased. Property consists of .49 acres and allows for future development that can generate additional income. Minutes away from Rio Grande City's Medical Corridor, UTRGV & South Texas College Campuses, Dining & National Retailers.
Location
State TX
County Starr
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Other
Heating Electric
Cooling Electric, Window Unit(s)
Flooring Tile
Appliance Electric Water Heater, Electric Cooktop, Stove/Range
Laundry None
Exterior
Carport Spaces 2
Fence None
Community Features None
Waterfront No
View Y/N No
Roof Type Shingle
Total Parking Spaces 2
Garage No
Building
Faces Traveling West on Hwy 83, property will be approximately 3/4 miles West of Roque-Guerra Elementary. Property will be on Left (South) between S Charco Blanco Rd & Old Hwy 83.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick,Block,Stucco
New Construction No
Schools
Elementary Schools Roque-Guerra
Middle Schools Veterans
High Schools Rio Grande City H.S.
Others
Tax ID 000820780001620000010
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