Price Undisclosed
SOLD FEB 13, 2025
-- Bed
-- Bath
8,038 Sq Ft
0.27 Acres

Recently Sold

$75 Per Sq Ft

11 Days on Market

Highlights

  • Mature Trees
  • Covered patio or porch
  • Tile Flooring
  • No HOA
  • Laundry closet
  • 3-minute walk to Cesar Chavez Park

About This Home

As of February 2025

AMAZING INVESTMENT OPPORTUNITY IN FANTASTIC LOCATION!! 8-PLEX! 8-PLEX! 8-PLEX offering cozy and inviting 2-bedroom, 1-bathroom units that are all currently leased with rental increase options available on all units when leases renewed! The units have: all-wood cabinetry and tile flooring throughout; separate living/dining areas; kitchen appliances included; and, residents can enjoy 2 designated parking spaces for convenience. Tenants pay their own electricity and water, as each unit has their own water meter. Landlord/Owner pays only landscaping and dumpster fees. Zoned and located close to great schools and the expressway for easy commuting, making these units extremely easy to rent! Don't miss out on this exceptional opportunity! Call for your showing appointment today!

Last Agent to Sell the Property

Veronica O'Cana

O'cana Realty Group, Llc Listed on: 01/30/2025

Last Buyer's Agent

Joe Ramirez

Linda Vista Real Estate, Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,950

Year Built

  • Built in 1999

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence
  • Mature Trees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Split Bedroom Floorplan
  • 8,038 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Laundry closet

Kitchen

  • Electric Range
  • <<microwave>>

Parking

  • 16 Carport Spaces
  • No Garage

Outdoor Features

  • Covered patio or porch

Schools

  • Flores Elementary School
  • Chavez Middle School
  • Palmview High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number T094004000000200

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Taurus Estates #4 Subdivision

Building Details

  • Insurance Expense $3,200
  • Maintenance Expense $300
  • Gross Income $68,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,950

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Directions: Expressway 83/I-2 West to Showers Rd. Exit Showers and turn left (South) on Showers to Clavel. Left (East) on Clavel Rd. 8-plex will be the 1st complex building on the right-hand side.
  • Year Built: 1999
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2677
  • Road Surface Type: Caliche, Paved
  • Subdivision Name: Taurus Estates #4
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 2
  • GMAR_Escrow: 6000
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Oven-Microwave, Refrigerator, Stove/Range-Electric Smooth
  • Flooring: Tile
  • Living Area: 8038

Exterior Features

  • Exterior Features: Mature Trees, Other
  • Interior Amenities: Ceiling Fan(s), Microwave, Split Bedrooms
  • Fencing: Chain Link
  • Lot Features: Curb & Gutters, Mature Trees, Professional Landscaping
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Covered Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 16
  • Covered Parking Spaces: 16
  • Parking Features: No Garage
  • Total Parking Spaces: 16

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Other, Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Flores
  • High School: Palmview H.S.
  • Junior High Dist: La Joya ISD
  • Middle Or Junior School: Chavez

Lot Info

  • Lot Size Sq Ft: 11661.012
  • Parcel #: T094004000000200
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 15950

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 8
  • Annual Gross Income: 68160
  • Insurance Expense: 3200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2022
Sold by
Jg & Sjg Corp
Bought by
Nolaac Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$281,206
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$289,508
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Closed $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 For Sale $575,000 -4.0% $72 / Sq Ft
02/13/2025 02/13/25 Sold -- -- --
02/11/2025 02/11/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $599,000 -- $75 / Sq Ft
Source: Greater McAllen Association of REALTORS®

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
2024 $16,122 $639,287 $40,810 $598,477
2023 $15,901 $639,287 $40,810 $598,477
2022 $10,156 $375,000 $40,810 $334,190
2021 $10,565 $392,986 $40,810 $352,176
2020 $10,348 $381,336 $40,810 $340,526
2019 $10,453 $385,221 $40,810 $344,411
2018 $10,166 $373,681 $40,810 $332,871
2017 $9,851 $364,137 $40,810 $323,327
2016 $9,460 $349,671 $40,810 $308,861
2015 $9,482 $346,568 $40,810 $305,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 460261

Greater McAllen Association of REALTORS®

APN: T0940-04-000-0002-00