3000 Coby Dr Mission, TX 78574
La Homa NeighborhoodEstimated payment $6,442/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $787,840 | Purchase Money Mortgage | |
| Previous Owner | $26,000 | Commercial |
Source: Greater McAllen Association of REALTORS®
MLS Number: 473658
APN: K2750-02-000-0036-00
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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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