$585,000
$95K PRICE DROP

Estimated payment $3,484/month

Total Views 4,032
-- Bed
-- Bath
4,272 Sq Ft
$137 Price per Sq Ft

Highlights

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

About This Home

Cash flow opportunity with this high demand for 10 units apartments complex ( only one unit is vacant currently ) .Discover an exceptional investment opportunity in Mission, TX! Located right behind a small convenience store off of La Homa Rd; This 10-unit complex consists of 2 buildings on 1 acre of land. The first building features two spacious units, each offering 2 bedrooms and 1 bath, ideal for tenants seeking comfortable living spaces. Meanwhile, the second building hosts 8 units, consisting of 7 cozy 1-bedroom, 1-bathroom units, along with a convenient studio apartment. Positioned in a great location, this property showcases unparalleled potential for substantial long-term returns and exponential growth. Schedule your showing today!

Listing Agent

idan zur

Fortune Realty Llc Listed on: 03/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,554

Year Built

  • Built in 1980

Lot Details

  • 0.5 Acre Lot
  • Chain Link Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,272 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Stove
  • Laundry closet

Flooring

  • Tile
  • Vinyl

Schools

  • De La Garza Elementary School
  • Memorial Middle School
  • Carter High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number L116001000000300

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • La Homa Acres Subdivision

Building Details

  • Insurance Expense $4,100
  • Maintenance Expense $490
  • Gross Income $75,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,554

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Directions: From W Expy 83/W Frontage Rd E/US-83 Frontage Rd, take exit 133 for TX-364 toward La Home Rd/Bentsen Palm Dr. Turn right onto N La Homa Rd and continue for 3.6 miles onto W 65th St where you'll turn right. Property will be on your right.
  • Year Built: 1980
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5002
  • Road Surface Type: Paved
  • Subdivision Name: La Homa Acres
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Other
  • Building Stories: 1
  • GMAR_Escrow: 6500
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile, Vinyl
  • Living Area: 4272

Exterior Features

  • Exterior Features: None
  • 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
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

  • Elementary School: De La Garza
  • High School: Carter H.S.
  • Junior High Dist: La Joya ISD
  • Middle Or Junior School: Memorial

Lot Info

  • Lot Size Sq Ft: 21789.1476
  • Parcel #: L116001000000300

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3554

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 10
  • Annual Gross Income: 75000
  • Insurance Expense: 4100

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,554 $182,071 $65,370 $116,701
2023 $3,544 $183,772 $65,370 $118,402
2022 $2,267 $104,312 $49,027 $55,285
2021 $1,963 $89,721 $49,027 $40,694
2020 $1,826 $82,477 $49,027 $33,450
2019 $1,771 $80,000 $49,027 $30,973
2018 $1,992 $89,721 $49,027 $40,694
2017 $1,312 $58,837 $21,790 $37,047
2016 $1,223 $54,851 $21,790 $33,061
2015 $1,139 $51,581 $21,790 $29,791
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $585,000 -2.5% $137 / Sq Ft
06/28/2025 06/28/25 Price Changed $600,000 -4.0% $140 / Sq Ft
06/05/2025 06/05/25 Price Changed $625,000 -8.1% $146 / Sq Ft
03/25/2025 03/25/25 For Sale $680,000 -- $159 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Simplifile
Vendors Lien -- Valley Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,500 New Conventional
Previous Owner $30,000 Seller Take Back
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 465551

Greater McAllen Association of REALTORS®

APN: L1160-01-000-0003-00