NOT LISTED FOR SALE

1606 Inspiration Rd Mission, TX 78572

Estimated Value: $656,000

Studio
2 Baths
7,840 Sq Ft
$84/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2022

Current estimated payment $4,920 / mo

6 Days on Market

Highlights

  • No HOA
  • Laundry closet
  • Central Heating and Cooling System
  • Walk-In Closet
  • Tile Flooring
  • 1-Story Property

About This Home

As of July 2022

Great investment opportunity located in a great location with 10 apartments on a month to month, long term tenants. All units are 2bedroom/1bath approximately 784 SF (according to HCAD) with all units leased at $650 generating $6,500 per month ($78,000 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 almost 1 Acre. 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!

Last Agent to Sell the Property

Mere Flores

Realty Executives Rgv Listed on: 05/13/2022

Realty Executives Rgv

Last Buyer's Agent

Juan Carpio

Keller Williams Realty RGV

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,597

Year Built

  • Built in 1991

Lot Details

  • 36,163 Sq Ft Lot
  • Chain Link Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 7,840 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Stove

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Camarena Elementary School
  • Memorial Middle School
  • Palmview High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R195400000000100

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units
  • El Dorado Heights Subdivision

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $1,800
  • Gross Income $6,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,597

Year Built

Built in 1991

Lot Details

0.83 Acres

Listing Details

  • Directions: Going West on Expressway exit Inspiration Road turn North on Inspiration, continue straight property will be on your right hand side. Red brick apartments.
  • Year Built: 1991
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.8302
  • Road Surface Type: Paved
  • Subdivision Name: El Dorado Heights
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 7840

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Walk-In Closet(s)
  • Fencing: Chain Link
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

  • Elementary School: Camarena
  • High School: Palmview H.S.
  • Junior High Dist: La Joya ISD
  • Middle Or Junior School: Memorial

Lot Info

  • Lot Size Sq Ft: 36163.0764
  • Parcel #: R195400000000100
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 5

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13597

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 10
  • Annual Gross Income: 6500
  • Insurance Expense: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jul 11, 2022
Sold by
Villarreal Perez and Villarreal Melissa
Bought by
Villarreal Jose Alejandro
Seller's Agent
Mere Flores
Realty Executives Rgv
Buyer's Agent
Juan Carpio
Keller Williams Realty RGV
List Price
$810,000
Current Estimated Value
$656,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.60%
Original Mortgage
$905,600
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2017
Sold by
Hernandez Marco A and Hernandez Caridad
Bought by
Hernandez Marco A and Hernandez Caridad

Purchase Details

Closed on
Dec 30, 2004
Sold by
Gutiererz Rene and Gutiererz Gutierrez
Bought by
Hernandez Marco A and Hernandez Caridad
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Villarreal Jose Alejandro -- Valley Land Title
Hernandez Marco A -- None Available
Hernandez Marco A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Villarreal Jose Alejandro $905,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold -- -- --
05/18/2022 05/18/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $810,000 -- $103 / Sq Ft
Source: Greater McAllen Association of REALTORS®

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
2025 $16,648 $584,071 $101,256 $482,815
2024 $16,648 $647,893 $101,256 $546,637
2023 $16,589 $654,440 $101,256 $553,184
2022 $13,394 $525,957 $101,256 $424,701
2021 $10,579 $409,209 $101,256 $307,953
2020 $10,996 $412,856 $101,256 $311,600
2019 $11,264 $412,856 $101,256 $311,600
2018 $11,944 $435,007 $101,256 $333,751
2017 $11,176 $402,942 $101,256 $301,686
2016 $10,597 $382,058 $101,256 $280,802
2015 $8,831 $312,350 $41,587 $270,763
Source: Public Records

Agents Affiliated with this Home

  • Mere Flores

    Seller's Agent in 2022

    Mere Flores

    Realty Executives Rgv

    (956) 223-6011

    49 Total Sales

    Mere Flores
    Section Image
  • Juan Carpio

    Buyer's Agent in 2022

    Juan Carpio

    Keller Williams Realty RGV

    (956) 928-1155

    38 Total Sales

    Juan Carpio
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 382658

Greater McAllen Association of REALTORS®

APN: R1954-00-000-0001-00

Texas Hidalgo County Mission 78572

1606 Inspiration Rd, Mission, TX

Not Listed for Sale

MultiFamily

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Greater McAllen Association of REALTORS® 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.

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