Estimated payment $4,817/month
Highlights
- Corner Lot
- Tile Flooring
- Ceiling Fan
- No HOA
- Central Heating and Cooling System
- 4-minute walk to Donna City Square Park
About This Home
Take advantage of this excellent investment opportunity with this 12-unit complex with a NEW ROOF and a HIGH OCCUPANCY RATE located in the heart of Donna, TX. Positioned on two lots, this two-story building features all 1-bedroom, 1-bathroom units, most of which have been recently remodeled to enhance tenant appeal and rental value. What will you do with that second lot? Build another apartment building, make a shared space or a parking lot? The options are endless! Centrally located, the property is just 0.5 miles from Business 83, 1.3 miles from Donna High School, 1.7 miles from H-E-B, and under 2 miles from I-2, offering quick access to surrounding cities and amenities. This prime location in the heart of downtown Donna, TX provides excellent convenience for tenants and strong rental demand for investors. A solid income-producing asset with potential for further upside, add this property to your portfolio today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,841
Year Built
- Built in 1980
Lot Details
- 0.34 Acre Lot
- Corner Lot
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 6,248 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
- Stove
Schools
- Ochoa Elementary School
- Solis Middle School
- Donna High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number D680000003001000
Community Details
Overview
- No Home Owners Association
- 12 Units
- Donna Original Townsite Subdivision
Building Details
- Insurance Expense $8,044
- Maintenance Expense $8,170
- Gross Income $78,360
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,388 | $369,140 | $56,250 | $312,890 |
| 2023 | $9,718 | $369,443 | $56,250 | $313,193 |
| 2022 | $8,148 | $293,999 | $56,250 | $237,749 |
| 2021 | $6,241 | $221,264 | $52,974 | $168,290 |
| 2020 | $6,241 | $213,854 | $52,500 | $161,354 |
| 2019 | $6,144 | $207,625 | $36,000 | $171,625 |
| 2018 | $5,991 | $201,964 | $36,000 | $165,964 |
| 2017 | $6,411 | $202,868 | $36,000 | $166,868 |
| 2016 | $4,943 | $156,422 | $37,500 | $118,922 |
| 2015 | $3,666 | $161,179 | $37,500 | $123,679 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | Price Changed | $735,000 | -2.0% | $118 / Sq Ft |
| 04/23/2025 04/23/25 | For Sale | $750,000 | -- | $120 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | New Title Company Name | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $321,550 | New Conventional | |
| Closed | $315,000 | Credit Line Revolving | |
| Previous Owner | $144,000 | Purchase Money Mortgage | |
| Previous Owner | $54,000 | Commercial | |
| Previous Owner | $11,900 | Seller Take Back |
Source: Greater McAllen Association of REALTORS®
MLS Number: 469167
APN: D6800-00-003-0010-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
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