NOT LISTED FOR SALE

311 E Crockett Ave Alamo, TX 78516

Estimated Value: $5,006,000

-- Bed
6 Baths
46,550 Sq Ft
$108/Sq Ft Est. Value

Last Sold January 29, 2021

Current estimated payment $30,085/month

134 Days on Market

Highlights

  • Built-In Refrigerator
  • Home Security System
  • Ceramic Tile Flooring
  • 1.15 Acre Lot
  • Energy-Efficient Appliances
  • Central Heating and Cooling System

About This Home

As of January 2021

Waller Group Properties is proud to present the Ka'anali Apartments, a 61 unit multifamily complex in Alamo, TX. Built in 2004, this Class B property is currently operating at an NOI of $256,127 at a 9.05% cap rate. The property consists of 61 2BD;1BA units at 620 SF each. ********* OFFERING MEMORANDUM AND DUE DILIGENCE IN ATTACHMENTS *********

Last Agent to Sell the Property

Logan Waller

Waller Group LLC License #0479147 Listed on: 09/17/2020

Last Buyer's Agent

Non-NTREIS MLS Licensee

NON MLS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $44,409

Year Built

  • Built in 2004

Lot Details

  • 1.15 Acre Lot
  • Subdivision Possible

Home Design

  • Slab Foundation
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 46,550 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Built-In Refrigerator

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 99 Parking Spaces
  • Open Parking

Eco-Friendly Details

  • Energy-Efficient Appliances

Schools

  • Alvarez Elementary School
  • Brown Middle School
  • Mcallen High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • 61 Units
  • 46,550 Sq Ft Building
  • Alvarado Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number A405000000000100
  • $34,315 per year unexempt tax

Property Details

Home Type

Apartment

Est. Annual Taxes

$44,409

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Security: Fire Alarm, Security System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 256127
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 61.22449
  • Special Features: None
  • Year Built: 2004

Interior Features

  • Square Footage: 46550.00
  • Windows: Window Coverings
  • Flooring: Ceramic Tile
  • Appliances: Built-in Refrigerator, Electric Range, Vented Exhaust Fan

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Concrete, Wood

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 99
  • Parking Features: Open
  • OpenParkingYN: Yes
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Ka'Anali Apartments
  • Association Type: None

Schools

  • School District: Donna ISD
  • Elementary School: Alvarez
  • High School: Mcallen

Green Features

  • Efficiency: Appliances
  • Smart Home Features Appor Pass Y: No

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 1.1480
  • Parcel Number: A405000000000100
  • Lot Size Acres: 1.1480
  • Lot Size Sq Ft: 50006.8800
  • Assessor Parcel Number 2: A405002000000105

Building Info

  • Year Built: 2004
  • Units Total: 61

Multi Family

  • Gross Annual Expenses: 182133.00
  • Gross Annual Income: 527040.00
  • Insurance Expense: 13166

Tax Info

  • Unexempt Taxes: 34315
  • Tax Lot: 1

MLS Schools

  • MiddleOrJuniorSchool: Brown
  • Middle School Name: Brown
  • Elementary School Name: Alvarez
  • High School Name: Mcallen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
Crapse Building One Llc
Bought by
Kaanali 168 Llc
Current Estimated Value
$5,006,000

Purchase Details

Closed on
Mar 21, 2023
Sold by
Crapse Building One Llc
Bought by
Kaanali 168 Llc

Purchase Details

Closed on
Dec 27, 2010
Sold by
Tritex Real Estate Advisors Ii Inc
Bought by
East Crockett Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2010
Sold by
Fannie Mae
Bought by
Tritex Real Estate Advisors Ii Inc

Purchase Details

Closed on
Apr 17, 2007
Sold by
Alvarado Celso
Bought by
Peterson Roger T and Peterson Patricia M Valentine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kaanali 168 Llc -- Simplifile
Kaanali 168 Llc -- Simplifile
East Crockett Apartments Llc -- Sierra Title Company
Tritex Real Estate Advisors Ii Inc -- None Available
Peterson Roger T -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner East Crockett Apartments Llc $1,140,000
Previous Owner Peterson Roger T $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2021 01/29/21 Sold -- -- --
10/07/2020 10/07/20 Sold -- -- -- View Prior Sale
09/17/2020 09/17/20 For Sale $2,830,000 +4616.7% $61 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $60,000 0.0% --
07/28/2020 07/28/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $60,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

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 $44,409 $2,332,839 $230,000 $2,102,839
2024 $44,409 $1,705,740 $230,000 $1,475,740
2023 $43,416 $1,705,740 $230,000 $1,475,740
2022 $35,901 $1,378,037 $200,000 $1,178,037
2021 $33,472 $1,275,766 $200,000 $1,075,766
2020 $25,202 $929,616 $200,000 $729,616
2019 $34,710 $1,265,764 $160,000 $1,105,764
2018 $29,563 $1,085,288 $200,000 $885,288
2017 $20,679 $749,638 $200,000 $549,638
2016 $20,295 $735,724 $200,000 $535,724
2015 $25,169 $898,720 $200,000 $698,720
Source: Public Records

Agents Affiliated with this Home

  • Logan Waller

    Seller's Agent in 2021

    Logan Waller

    Waller Group LLC

    (214) 257-8721

    1 in this area

    18 Total Sales

    Logan Waller
    Section Image

  • N

    Buyer's Agent in 2021

    Non-NTREIS MLS Licensee

    NON MLS

  • Monica Rodriguez

    Seller's Agent in 2020

    Monica Rodriguez

    Just Realty

    (956) 655-8906

    3 in this area

    46 Total Sales

    Monica Rodriguez
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14436511

North Texas Real Estate Information Systems (NTREIS)

APN: A4050-00-000-0001-00

Texas Hidalgo County Alamo 78516

311 E Crockett Ave, Alamo, TX

Not Listed for Sale

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