NOT LISTED FOR SALE

405 E Ulex Ave McAllen, TX 78504

Estimated Value: $403,000 - $462,000

Studio
8 Baths
4,160 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 22, 2020

Current estimated payment $3,167/month

239 Days on Market

Highlights

  • No HOA
  • Patio
  • Tile Flooring
  • Gonzalez Elementary School Rated A
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of April 2020

Great investment opportunity. This Four unit residential complex is located in the North East area of McAllen, Gonzalez Elementary School district. Each unit includes 2 bedrooms, 2 bathrooms, washer and dryer connections, patio area, off street parking,, split bedroom floorplan. Spacious living room and dining area. Tiled floors, carpet in bedrooms. Rents range form $ 675.00 to $ 695.00 per month.

Last Agent to Sell the Property

Daniel Chapa

Dillard And Chapa Real Estate Listed on: 06/07/2019

Last Buyer's Agent

Monica (Jayne) Hernandez

Texas Premier Realty

Texas Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,229

Year Built

  • Built in 1993

Lot Details

  • 8,250 Sq Ft Lot
  • Privacy Fence

Parking

  • 8 Car Garage
  • 8 Carport Spaces
  • No Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Split Bedroom Floorplan
  • 4,160 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Stove

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Outdoor Features

  • Patio

Schools

  • Gonzalez Elementary School
  • Cathey Middle School
  • Mcallen High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number V417000000000200

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Violet Terrace Subdivision

Building Details

  • Maintenance Expense $200
  • Gross Income $2,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,229

Year Built

Built in 1993

Lot Details

0

Parking

8

Listing Details

  • Directions: From Nolana, North on 2nd St ( Col. Rowe ), East on Violet, South on 1st, East on .
  • Year Built: 1993
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1894
  • Road Surface Type: Paved
  • Subdivision Name: Violet Terrace
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Efficiency: Other
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_LicensedSupervisor: Oscar Leal
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 4160

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Split Bedrooms
  • Fencing: Privacy
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Garage Spaces: 8
  • Covered Parking Spaces: 16
  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Gonzalez
  • High School: McAllen H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Cathey

Lot Info

  • Lot Size Sq Ft: 8249.8284
  • Parcel #: V417000000000200
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6229

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 2740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Regal Af Re Series Llc
Bought by
Regalado Eduardo Luis
Current Estimated Value
$441,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,500
Outstanding Balance
$242,596
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$199,071

Purchase Details

Listed on
Jun 7, 2019
Closed on
Apr 22, 2020
Sold by
Te Amo Investment Property I Llc
Bought by
Regal Af Re Series Llc
Seller's Agent
Daniel Chapa
Dillard And Chapa Real Estate
Buyer's Agent
Monica (Jayne) Hernandez
Texas Premier Realty
List Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$206,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2015
Sold by
Young Gabriel and Young Danellie
Bought by
Te Amo Investment Property 1 Llc

Purchase Details

Closed on
May 14, 2015
Sold by
Te Amo Investment Property 1 Llc
Bought by
Young Gabriel and Young Danellie

Purchase Details

Closed on
Dec 21, 2006
Sold by
Rojas Harold and Rojas Estela
Bought by
Young Gabriel and Young Danellie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,143
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2006
Sold by
Young Gabriel M and Young Danellie P
Bought by
Te Amo Investment Property 1 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Regalado Eduardo Luis -- Simplifile
Regal Af Re Series Llc -- Valley Land Title
Te Amo Investment Property 1 Llc -- Attorney
Young Gabriel -- None Available
Young Gabriel -- Security Land Title Co
Te Amo Investment Property 1 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regalado Eduardo Luis $250,500
Previous Owner Regal Af Re Series Llc $206,000
Previous Owner Young Gabriel $161,143
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2020 04/22/20 Sold -- -- --
01/31/2020 01/31/20 Pending -- -- --
06/06/2019 06/06/19 For Sale $275,000 -- $66 / Sq Ft
Source: Greater McAllen Association of REALTORS®

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 $9,876 $417,310 $99,000 $318,310
2024 $9,876 $421,121 $99,000 $322,121
2023 $8,043 $341,859 $73,425 $268,434
2022 $7,424 $299,354 $73,425 $225,929
2021 $6,900 $270,085 $73,425 $196,660
2020 $6,890 $270,085 $73,425 $196,660
2019 $6,417 $253,000 $73,425 $179,575
2018 $6,229 $245,189 $73,425 $171,764
2017 $4,956 $194,313 $40,425 $153,888
2016 $3,937 $154,350 $40,425 $113,925
2015 $3,635 $140,599 $33,000 $107,599
2014 $3,635 $141,943 $33,000 $108,943
Source: Public Records

Agents Affiliated with this Home

  • Daniel Chapa

    Seller's Agent in 2020

    Daniel Chapa

    Dillard And Chapa Real Estate

    (956) 271-2600

    62 Total Sales

    Daniel Chapa
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 317140

Greater McAllen Association of REALTORS®

APN: V4170-00-000-0002-00

Texas Hidalgo County McAllen 78504

405 E Ulex Ave, McAllen, TX

Not Listed for Sale

MultiFamily

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