NOT LISTED FOR SALE

3936 Bourbon St Harlingen, TX 78550

-- Bed
-- Bath
13,900 Sq Ft
25,221 Sq Ft Lot

Sale Details

Date Sold: December 18, 2019

210 Days on Market

Highlights

  • Deck
  • Central Heating
  • Laundry Facilities
  • Tile Flooring
  • 28 Car Garage
  • 5-minute walk to Arroyo Park

About This Home

As of December 2019

Awesome multi-family investment opportunity in Harlingen. This 16 unit apt complex has been maintained and renovated and is 100% occupied. There are no vacancies at this time. The property is conveniently located near Expsy 83, as well as shopping, restaurants, and the medical district. The two, 2 story buildings are surrounded by ample parking in a good neighborhood. One building consists of 8, 2/2 units with approx. 938 s.f. and the four downstairs units have washer/dryer connections. Bldg. 2 has 8 1/1 units with approx. 794 s.f. The bldg. has a coin operated laundry room. At the price of $799,900 the investment has the potential to return over 11% return on investment. If you've been looking for a way to jump start your real estate investments, this would be a great place to start.

Last Agent to Sell the Property

Ryan Busse

ROCKING K REALTY & AUCTIONS License #TREC # 0474107 Listed on: 03/04/2019

Last Buyer's Agent

Sandy Guzman

MASON & COMPANY License #TREC # 0406297

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Lot Details

  • 25,228 Sq Ft Lot
  • Lot Dimensions are 106 x 238
  • Privacy Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 13,900 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile

Parking

  • 28 Car Garage
  • No Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Treasure Hills Elementary School
  • Coakley Middle School
  • Harlingen South High School

Utilities

  • Central Heating
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $1,180
  • Assessor Parcel Number 2015000010004000

Community Details

Overview

  • 16 Units
  • Mariska Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 17 Separate Electric Meters
  • 8 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

0.58 Acres

Listing Details

  • Directions: US 77 to Ed Carey, North on Ed Carey, Left on Hale Street, Left on Bourbon. The complex is on the left (east) side of the road.
  • Flooring: Carpet, Tile
  • Year Built: 1996
  • Property Sub-Type: Multi Family
  • PropertyType: Residential Income
  • Reso Fencing: Privacy, None
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.579
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 956-425-0500
  • MLS Status: Sold
  • Subdivision Name: Mariska
  • Carport Y N: No
  • Unit Levels: Two
  • Efficiency: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Deck/Balcony/Porch

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: No Garage, No Carport, Off Street
  • Total Parking Spaces: 28

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Treasure Hills
  • High School: Harlingen South
  • Junior High Dist: Harlingen C.I.S.D.
  • Middle Or Junior School: Coakley

Lot Info

  • Lot Dimensions: 106 x 238
  • Lot Size Sq Ft: 25228
  • ResoLotSizeUnits: Square Feet
  • Mobile Dim Units: Feet
  • Parcel Number: 2015000010004000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018

Multi Family

  • Number Of Units In Community: 16
  • Number Of Units Total: 16
  • Total Actual Rent: 1180
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Water Meters: 8
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Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2019 12/18/19 Sold -- -- --
09/30/2019 09/30/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $849,000 -- $61 / Sq Ft
Source: Rio Grande Valley Multiple Listing Service

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 $12,270 $631,852 $44,149 $587,703
2024 $12,270 $631,852 $44,149 $587,703
2023 $13,335 $672,183 $44,149 $628,034
2022 $16,301 $716,638 $44,149 $672,489
2021 $16,525 $716,638 $44,149 $672,489
2020 $16,931 $716,638 $44,149 $672,489
2019 $16,206 $682,941 $44,149 $638,792
2018 $16,369 $682,941 $44,149 $638,792
2017 $14,633 $619,063 $44,149 $574,914
2016 $12,508 $529,172 $44,149 $485,023
2015 $11,935 $529,172 $44,149 $485,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Rio Grande Valley Multiple Listing Service

MLS Number: 29716529

Rio Grande Valley Multiple Listing Service
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