NOT LISTED FOR SALE

100 Condesa Dr Unit lots 3-22 Pharr, TX 78577

-- Bed
-- Bath
18,908 Sq Ft
1.2 Acres

Last Sold October 13, 2016

26 Days on Market

Highlights

  • 1.2 Acre Lot
  • Tile Flooring
  • Ceiling Fan
  • No HOA
  • Central Heating and Cooling System
  • 60 Car Garage

About This Home

As of October 2016

20 units located in a prime and fast developing location. Beautiful set up with mature trees up front and parking in the rear. Condesa Dr has no outlet so the only through traffic is tenants or visitors which makes the complex very peaceful. The property consists of two single story buildings. Building #1 consists of 8 units with 3bd/1ba and 2 units with 2bd/1ba. Building #2 consists of 10 units with 2bd/1ba. Units generate $135,600 gross annual income and at current list price property yields above 10% capitalization rate. Rent amount varies from $530 per month - $625 per month depending on the size of the unit. No vacancies and many are long term tenants so it is a turn-key operation. Don't miss the opportunity to own this investment property.

Last Agent to Sell the Property

Jose Narvaez

Star Realty Group, Llc Listed on: 05/18/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,665

Year Built

  • Built in 1981

Lot Details

  • 1.2 Acre Lot
  • Partially Fenced Property

Parking

  • 60 Car Garage
  • No Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 18,908 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Stove

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Pharr Elementary School
  • Liberty Middle School
  • Psja High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number multiple see remarks

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • La Condesa Subdivision

Building Details

  • Insurance Expense $5,718
  • Maintenance Expense $13,035
  • Gross Income $94,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,665

Year Built

Built in 1981

Lot Details

0

Parking

60

Listing Details

  • Directions: From Expressway 83, South on Cage Blvd, turn East on Condesa Dr. South from the intersection of Cage Blvd and Ridge Rd
  • Year Built: 1981
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.204
  • Road Surface Type: Paved
  • Subdivision Name: La Condesa
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 5000
  • GMAR_LicensedSupervisor: Leo Guerrero
  • Non-Allowables: No
  • Non-Realty Items: 3000
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 18908

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Non Privacy, Partial
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)

Garage/Parking

  • Garage Spaces: 60
  • Covered Parking Spaces: 60
  • Open Parking: Yes
  • Parking Features: Off Street, No Carport, No Garage
  • Total Parking Spaces: 60

Utilities

  • Utilities: Cable Available
  • Laundry Features: Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Pharr
  • High School: PSJA H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 52446.24
  • Parcel #: multiple see remarks
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 17665

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 20
  • Annual Gross Income: 94044
  • Insurance Expense: 5718

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2016 10/13/16 Sold -- -- --
06/13/2016 06/13/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $875,000 -- $46 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Narvaez

    Seller's Agent in 2016

    Jose Narvaez

    Star Realty Group, Llc

    (956) 222-4222

    1 in this area

    82 Total Sales

    Jose Narvaez
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 195649

Greater McAllen Association of REALTORS®
Texas Hidalgo County Pharr 78577

100 Condesa Dr Unit lots 3-22, Pharr, TX

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