3000 Coby Dr Mission, TX 78574
La Homa NeighborhoodEstimated payment $6,224/month
Highlights
- Gated Community
- Mature Trees
- No HOA
- 1.01 Acre Lot
- Corner Lot
- Laundry closet
About This Home
Prime investment opportunity in the growing Mission area of the Rio Grande Valley! This 12-unit apartment complex sits on a spacious 1-acre corner lot at La Homa Rd and Coby Dr, featuring two well-maintained six-unit buildings. With consistently high occupancy and minimal tenant turnover, this property offers stable, reliable cash flow from day one. Located in a high-demand area experiencing rapid growth and increased developer interest, this asset is well-positioned for future appreciation. Its strong rental performance, strategic location, and upside potential make it an excellent addition to any portfolio—ideal for both new and seasoned investors seeking long-term value and income stability.
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
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
- Electric Cooktop
Laundry
- Laundry closet
- Dryer
- Washer
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 $7,742
- Maintenance Expense $960
- Gross Income $98,400
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $975,000 | -- | $116 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: 502132
APN: K2750-02-000-0036-00
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.
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.
Copyright 2026 Greater McAllen Association of Realtors. All rights reserved.
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