NOT LISTED FOR SALE

420 Jr Ave Progreso, TX 78596

Estimated Value: $765,000

-- Bed
6 Baths
7,040 Sq Ft
$109/Sq Ft Est. Value

Last Sold October 10, 2022

Current estimated payment $5,680/month

109 Days on Market

Highlights

  • 0.49 Acre Lot
  • Walk-In Closet
  • Tile Flooring
  • No HOA
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of October 2022

Calling all investors! New 8 apartment complex in growing town of Progresso, Tx. This complex features 8 two bed two bath units with a projected rent of $750 each and a projected Cap rate of almost 9%!!! Property includes tankless water heaters and foam insulation on the roof to make them energy efficient. Call today for your private showing before they are gone!

Last Agent to Sell the Property

Daniel Leal

Re/Max Elite Listed on: 04/26/2022

Re/Max Elite

Last Buyer's Agent

Non-Participating Agent

Non-Participant

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,349

Year Built

  • Built in 2022

Lot Details

  • 0.49 Acre Lot
  • Decorative Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 7,040 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Laundry closet

Schools

  • Progreso Elementary School
  • Dorothy Thomas Middle School
  • Progreso High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number L187000002001800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units
  • La Reyna Subdivision

Building Details

  • Insurance Expense $300
  • Maintenance Expense $80
  • Gross Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,349

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Directions: From expressway 83 and International Blvd (FM 1015) head south. Keep right to Business FM 1015. When you are approaching Progresso High School, turn right on JR Becerra Ave. Property will be on right side.
  • Year Built: 2022
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4877
  • Road Surface Type: Paved
  • Subdivision Name: La Reyna
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Other
  • Flooring: Tile
  • Living Area: 7040

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: Decorative Metal
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

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

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Progreso
  • High School: Progreso H.S.
  • Junior High Dist: Progreso ISD
  • Middle Or Junior School: Dorothy Thomas

Lot Info

  • Lot Size Sq Ft: 21242.9052
  • Parcel #: L187000002001800
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10349

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Annual Gross Income: 6000
  • Insurance Expense: 300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
Oct 7, 2022
Sold by
Ayala Ramiro Eliel and Ayala Thelma N
Bought by
Soto Eduardo
Seller's Agent
Daniel Leal
Re/Max Elite
Buyer's Agent
Non-Participating Agent
Non-Participant
List Price
$650,000
Views
10
Current Estimated Value
$765,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$473,750
Outstanding Balance
$213,752
Interest Rate
5.66%
Mortgage Type
Seller Take Back
Estimated Equity
$551,248

Purchase Details

Closed on
May 22, 2018
Sold by
Cortes Rios Cuauhtemoc Hiram and Medina Bianca Viridiana Vasquez
Bought by
Ayala Ramiro Eliel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Soto Eduardo -- Valley Land Title
Ayala Ramiro Eliel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Eduardo $473,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2022 10/10/22 Sold -- -- --
09/06/2022 09/06/22 For Sale $650,000 0.0% $92 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $650,000 -- $92 / 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
2025 $20,063 $670,199 $146,582 $523,617
2024 $20,063 $685,620 $146,582 $539,038
2023 $19,307 $691,504 $146,582 $544,922
2022 $14,180 $470,100 $58,420 $411,680
2021 $9,727 $320,942 $38,239 $282,703
2020 $9,530 $308,860 $38,239 $270,621
2019 $9,620 $307,885 $38,239 $269,646
2018 $9,554 $308,119 $38,239 $269,880
2017 $5,893 $188,543 $25,493 $163,050
2016 $6,746 $215,856 $25,493 $190,363
2015 $395 $25,493 $25,493 $0
2014 $395 $12,746 $12,746 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Leal

    Seller's Agent in 2022

    Daniel Leal

    RE/MAX

    (956) 240-3789

    1 in this area

    74 Total Sales

    Daniel Leal
    Section Image

  • N

    Buyer's Agent in 2022

    Non-Participating Agent

    Non-Participant

See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 381547

Greater McAllen Association of REALTORS®

APN: L1870-00-002-0018-00

Texas Hidalgo County Progreso 78596

420 Jr Ave, Progreso, TX

Not Listed for Sale

MultiFamily

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.

Greater McAllen Association of REALTORS® 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 2025 Greater McAllen Association of Realtors. All rights reserved.

Nearby Homes