$1,050,000

3000 Coby Dr Mission, TX 78574

La Homa Neighborhood

Estimated payment $6,788/month

Total Views 1,203
-- 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
  • GMAR_Escrow: 15000
  • 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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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 $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 Change Sq Ft Price
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
Previous Owner $250,000 Future Advance Clause Open End Mortgage
Previous Owner $70,000 Unknown
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

This home is located at 3000 Coby Dr, Mission, TX 78574 and is currently priced at $1,050,000, approximately $125 per square foot. This property was built in 2003. 3000 Coby Dr is a home located in Hidalgo County with nearby schools including Diaz-Villarreal Elementary School, La Joya Isd Head Start Program, and Domingo Trevino Middle School.

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.

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.

Information deemed reliable but not guaranteed.

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