INVESTOR GOLD MINE ON 1 ACRE – TURNKEY INCOME POWERHOUSE! Unlock instant cash flow w/ this extraordinary multi-family opportunity! 4 fully-occupied homes + 2 storage sheds packed with remodeling materials to boost your returns even higher. THE CROWN JEWEL: 2022 build (2bed/2bath) – Furnished, & rent-ready from day 1. Perfect for Airbnb's & Short Terms! INSTANT INCOME: 3 additional homes (3/2, 3/1, 1/1) w/ leases already in place. Start collecting at closing! BONUS VALUE: Furniture conveys + sheds stocked w/ materials to upgrade Homes 5 & 6 – increase rents immediately or phase improvements for maximum ROI. INFRASTRUCTURE: 4 electric meters, 1 water meter, 4 septic systems – operate independently or optimize for maximum profitability. This isn't just property – it's a cash-generating ecosystem with high cap rates & endless upside. Whether you're seeking passive income, house-hacking, or portfolio expansion, this turnkey opportunity won't last. Ready to build wealth? Let's talk.
This 1-acre property includes 4 homes and 2 storage sheds, with OWNERS FINANCING AVAILABLE ON COMPETITIVE TERMS!!! Seller is willing to CONVEY ALL FURNITURE making it turn key ready for the next owner!! The 1st home, a 2-bed, 2-bath built in 2022, is fully furnished and never lived in, ideal for short-term rentals or personal use. The 2nd home is a remodeled 3-bed, 2-bath with central A/C, rented month-to-month. The 3rd, a 3-bed, 1-bath, has an updated exterior and is rented month-to-month. The 4th is a 1-bed, 1-bath with a 2-year-old roof, also rented month-to-month. The two storage sheds (5 and 6) contain remodeling materials, offering the opportunity to enhance rental value or use as desired. Utilities: 4 electrical meters, 1 water meter, 4 septic tanks.
MCALLENMLS #450186
Dec 16, 2024
Price Changed
$315,000
$103/sq ft
Sep 25, 2024
Listed
$310,000
$101/sq ft
MCALLENMLS #368896
Jan 17, 2022
Listed
$200,000
$65/sq ft
MCALLENMLS #357651
May 21, 2021
Listed
$150,000
$49/sq ft
Year
Property tax
Land + Additions
Assessment*
2021
$341 (+26.6%)
$16,646
2020
$269 (+33.0%)
$13,068
2019
$202 (−4.7%)
$9,801
2018
$212 (−0.4%)
$9,801
2017
$213 (+5.1%)
$9,801
2016
$203
$9,801
2015
$203 (−27.2%)
$9,313
2014
$279 (−0.6%)
$9,313
2013
$281
$12,760
Public record
Public record
Zoning
Permits
Beds
1
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1982
Finished Sq. Ft.
924
Unfinished Sq. Ft.
—
Total Sq. Ft.
924
Year built
1982
Style
Single Family Residential
County
Hidalgo County
APN
T2100-98-276-0012-05
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 5, 2026.
RS
Residential Suburban District
This district is suburban in nature, characterized by a balance between landscape and buildings. This is the primary low-density single-family residential district, intended to permit a wide range of single-family uses on larger lots. Open space, tree-lined streets, and low impervious surface ratios characterize the built environment. Institutional and recreational uses that serve the neighborhoods are permitted but are restricted in scale to preserve the safety and integrity of the neighborhood streets.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Jan 25, 2024 • Final
Mechanical (residential) - new construction
Install a new heating and air conditioning unit.
HVAC
Jun 23, 2023 • Final
Building (residential) - accessory structure
ADU
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
5/10 Flood Factor
Estimated 48-58% chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 23 days in 30 years
8/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Edinburg, TX • 78539
Average low and high temperatures (°F)
70
51
80
58
88
65
86
70
91
74
94
79
97
79
99
79
95
76
91
70
86
65
77
60
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 316 S Monmack Rd
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