$1,000,000
SOLD JUN 11, 2025
Last list price

121 N Montevideo Ave Edinburg, TX 78541

-- Bed
-- Bath
15,367 Sq Ft
0.59 Acres

Recently Sold

$65 Per Sq Ft

263 Days on Market

Highlights

  • Mature Trees
  • Laundry closet
  • Zoned Heating and Cooling
  • No HOA
  • Tile Flooring

About This Home

As of June 2025

Discover the potential of real estate investment with this 20-unit apartment complex strategically located off University Drive in the vibrant city of Edinburg. Offering a loan assumption option, this property simplifies ownership transfer and provides a seamless investment opportunity. These properties offer units that have 1 bedroom and 1 bath and are equipped with essential appliances including a refrigerator, stove, and microwave.

Last Agent to Sell the Property

Edson Carvajal

Svn | Hanna Solutions Commercial Real Estate Listed on: 08/20/2024

Last Buyer's Agent

Marc Moran

Ursa Real Estate

Ursa Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,410

Year Built

  • Built in 1978

Lot Details

  • 0.59 Acre Lot
  • Irregular Lot
  • Mature Trees

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • Siding

Interior Spaces

  • 15,367 Sq Ft Home
  • 3-Story Property
  • Tile Flooring
  • Stove
  • Laundry closet

Schools

  • Austin Elementary School
  • Memorial Middle School
  • Economedes High School

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number W360003000002100

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • West Manor #3 Subdivision

Building Details

  • Insurance Expense $7,200
  • Maintenance Expense $1,200
  • Gross Income $128,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,410

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Directions: from university drive turn north on Montevideo. Property will be on your left (west side) of Montevideo.
  • Year Built: 1978
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.594
  • Road Surface Type: Paved
  • Subdivision Name: West Manor #3
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 3
  • GMAR_Escrow: 11000
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 15367

Exterior Features

  • Exterior Features: Mature Trees
  • Interior Amenities: Other
  • Fencing: None
  • Lot Features: Irregular Lot
  • Home Warranty: No
  • Construction Type: Brick, Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Zoned, Electric
  • Cooling Y N: Yes
  • Heating: Zoned, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

  • Elementary School: Austin
  • High School: Economedes H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: Memorial

Lot Info

  • Lot Size Sq Ft: 25874.64
  • Parcel #: W360003000002100

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15410

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 20
  • Annual Gross Income: 128700
  • Insurance Expense: 7200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Jun 10, 2025
Sold by
Montevideo Apartments Llc
Bought by
Amc Realty Group Llc
Seller's Agent
Edson Carvajal
Svn | Hanna Solutions Commercial Real Estate
Buyer's Agent
Marc Moran
Ursa Real Estate
List Price
$1,100,000
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-81.34%

Purchase Details

Closed on
Jan 25, 2023
Sold by
Heritage Home Solutions Llc
Bought by
Schunior Apartments Llc and Montevideo Apartments Llc

Purchase Details

Closed on
May 22, 2006
Sold by
Zamora Lauro and Zamora Yolanda
Bought by
Meyer John F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Edwards Abstract & Title
Special Warranty Deed -- --
Warranty Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Sold -- -- --
05/11/2025 05/11/25 Pending -- -- --
11/12/2024 11/12/24 Price Changed $1,000,000 -4.8% $65 / Sq Ft
08/22/2024 08/22/24 Price Changed $1,050,000 -4.5% $68 / Sq Ft
08/20/2024 08/20/24 For Sale $1,100,000 -- $72 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $9,581 $642,265 $132,350 $509,915
2023 $15,410 $642,265 $132,350 $509,915
2022 $7,712 $296,173 $72,379 $223,794
2021 $9,139 $337,500 $88,923 $248,577
2020 $7,538 $277,036 $88,923 $188,113
2019 $7,506 $270,279 $88,923 $181,356
2018 $8,577 $308,088 $88,923 $219,165
2017 $7,933 $283,903 $88,923 $194,980
2016 $4,687 $167,756 $59,282 $108,474
2015 $4,541 $170,082 $59,282 $110,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 447524

Greater McAllen Association of REALTORS®

APN: W3600-03-000-0021-00