Great investment opportunity located in a great location with 8 fully-leased apartments and long term tenants. The property has one 4-plex that was built in 2000 and another 4 plex built in 1997 totaling 8 units (7,548 SF). All units are 2bedroom/1bath approximately 940 SF (according to HCAD) with one unit leased at $800 and the remaining units leased at $700 generating $5,700 per month ($68,400 annually). If you are an investor looking to purchase a great income producing property, look no further! This property has been stabilized at 100% occupancy for years with an excellent rental history. Noteworthy, the subject site totals 1 acre with additional space to built more units in the future. Each unit is individually metered. You don't want to miss out on this great opportunity! Call today for information before this property is gone! OWNER FINANCING AVAILABLE!!!!
Tax Legal Description: ELDORADO HEIGHTS LOT 4, ELDORADO HEIGHTS LOT 5
Tax Year: 2021
Tax Annual Amount: $11,707
Lease / Rent Details Information
Licensed Supervisor: Encore Fine Properties
Financing Information
Escrow: 6000
Utilities
Utility Information
Sewer: Septic Tank
# of Separate Water Meters: 8
Heating & Cooling
Has Cooling
Has Heating
Cooling: Central Air, Electric
Heating: Central, Electric
Location
HOA Information
Association YN: No
School / Neighborhood
Elementary School: Camarena
Elementary School District: La Joya ISD
Middle Or Junior School: Memorial
Middle Or Junior School District: La Joya ISD
High School: Palmview H.S.
High School District: La Joya ISD
Location Details
Directions: From 495 (Griffin Parkway), continue straight until you reach Moorefield road. Turn left and property will be on your right hand side. Red brick apartments.
Geocode Confidence: Unknown
Community Information
Community Features: Other
Number Of Units In Community: 8
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Hidalgo County
APN: E506000000000400, E506000000000500
Home facts updated by county records on May 11, 2023
Other
Listing Price Information
RATIO ListPrice By SQFT: 86.12
RATIO ListPrice By Original List Price: 1
RATIO List Price By ACRE: 649162.58
RATIO Current Price by Acres: 609214.11
RATIO Current Price By SQFT: 80.82
RATIO Close Price By SQFT: 80.82
RATIO Close Price By Original List Price: 0.93846
RATIO Close Price By List Price: 0.93846
RATIO Close Price By ACRE: 609214.11
Listing Information
Last Status: Pending
Buyer CC YN: No
Repairs YN: No
Non Allowables: No
Around this home
Schools
Enrique Kiki Camarena Elementary School
Public PreK-5 • Assigned • 0.6mi
9/10
Memorial Middle School
Public 6-8 • Assigned • 0.4mi
7/10
La Joya Palmview High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Mission, TX • 78572
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 8.6 hours in
June and 4 hours in December, placing it below the
U.S. average for solar exposure.