$1,050,000

3000 Coby Dr Mission, TX 78574

La Homa Neighborhood

Estimated payment $6,491/month

Total Views 3,320
-- Bed
-- Bath
8,391 Sq Ft
$125 Price per Sq Ft

Highlights

  • Gated Community
  • Mature Trees
  • No HOA
  • 1.01 Acre Lot
  • Corner Lot
  • Laundry closet

About This Home

This 12-unit apartment complex is located at the corner of La Homa Road and Coby Drive in Mission, Texas, a growing region in the Rio Grande Valley. The property consists of two six-unit buildings on a one acre corner lot. This property presents a stable income-producing opportunity with a consistently high occupancy and minimal tenant turn over. The surrounding area has experienced increased demand and has attracted the attention of developers meaning this property is poised to experience a significant increase in value over the coming years. With an excellent location, high occupancy rates, and a growing area, this property is a strong choice for the new or seasoned investor.

Listing Agent

Jacob Galvan

Ursa Real Estate Listed on: 06/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,871

Year Built

  • Built in 2003

Lot Details

  • 1.01 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence
  • Corner Lot
  • Mature Trees

Home Design

  • Slab Foundation
  • Composition Shingle Roof
  • Stucco

Interior Spaces

  • 8,391 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Cooktop
  • Laundry closet

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Diaz-Villarreal Elementary School
  • Juarez-Lincoln High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number K275002000003600

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Kenwood Estates Subdivision

Building Details

  • Insurance Expense $6,000
  • Gross Income $98,400

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,871

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Directions: Heading West on 7 Mile Line in Mission . Head South on La Homa Road. Take a left (go east) on Coby Drive, Property is on left side.
  • Year Built: 2003
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.013
  • Road Surface Type: Caliche, Paved
  • Subdivision Name: Kenwood Estates
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (Other Location), Electric Cooktop, Refrigerator
  • Flooring: Tile
  • Living Area: 8391

Exterior Features

  • Exterior Features: Mature Trees
  • Interior Amenities: None
  • Fencing: Chain Link, Privacy, Wood
  • Lot Features: Corner Lot, Mature Trees
  • Home Warranty: No
  • Construction Type: Block, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: Other Garage or Carport

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated
  • Association: No

Schools

  • Elementary School: Diaz-Villarreal
  • High School: Juarez-Lincoln H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: Trevino

Lot Info

  • Lot Size Sq Ft: 44125.8444
  • Parcel #: K275002000003600

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11871

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 12
  • Annual Gross Income: 98400
  • Insurance Expense: 6000

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $10,052 $545,000 $75,018 $469,982
2024 $10,052 $515,000 $75,018 $439,982
2023 $12,998 $673,911 $75,018 $598,893
2022 $8,915 $410,155 $75,018 $335,137
2021 $8,078 $369,123 $75,018 $294,105
2020 $7,040 $318,042 $75,018 $243,024
2019 $9,488 $428,698 $75,018 $353,680
2018 $8,153 $367,200 $75,018 $292,182
2017 $7,018 $314,674 $57,366 $257,308
2016 $7,007 $314,168 $57,366 $256,802
2015 $5,839 $356,903 $57,366 $299,537
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2025 06/17/25 For Sale $1,050,000 -- $125 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Corporation Service
Trustee Deed $250,000 None Available
Vendors Lien $26,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,840 Purchase Money Mortgage
Previous Owner $26,000 Commercial
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 473658

Greater McAllen Association of REALTORS®

APN: K2750-02-000-0036-00

Texas Hidalgo County Mission 78574 La Homa

3000 Coby Dr, Mission, TX

For Sale

MultiFamily

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Jacob Galvan
Listing Agent
Jacob Galvan
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Ursa Real Estate
(956) 450-8368