503 Peabody Ave Edinburg, TX 78539
Estimated payment $3,458/month
Total Views
2,317
--
Bed
--
Bath
3,424
Sq Ft
$145
Price per Sq Ft
Highlights
- Gated Community
- Mature Trees
- Laundry Room
- Trevino Elementary School Rated A-
- Walk-In Closet
- Tile Flooring
About This Home
Welcome to this fantastic investment opportunity in the desirable Mon Mack Landing Gated Subdivision! This well-maintained fourplex features four units, offering a perfect blend of one-bedroom and two-bedroom layouts, making it an attractive option for a variety of tenants. The fourplex consists of two cozy one-bedroom, one-bath units, alongside two spacious two-bedroom, two-bath units. Each tenant is responsible for their own water bill. Situated in a sought-after neighborhood, this property is close to local amenities, schools, parks, and sopping ensuring convenience for tenants.
Investment Potential: With a strong rental demand in the area, this fourplex is an excellent opportunity for investors looking to expand their portfolio or for first-time buyers seeking a multi-unit residence.
Don’t miss your chance to own this versatile fourplex in Mon Mack Landing. Schedule a viewing today and explore the endless possibilities this property has to offer!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,625
Year Built
- Built in 2018
Lot Details
- 8,820 Sq Ft Lot
- Privacy Fence
- Wood Fence
- Sprinkler System
- Mature Trees
HOA Fees
- $42 Monthly HOA Fees
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
- Stone
Interior Spaces
- Walk-In Closet
- 3,424 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
Kitchen
- Electric Range
- Microwave
- Disposal
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 8 Carport Spaces
- No Garage
Schools
- Trevino Elementary School
- South Middle School
- Vela High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number M566501000009600
Community Details
Overview
- 2 Buildings
- 4 Units
- Mon Mack Landing, Llc Association
- Monmack Landing Subdivision
Building Details
- Insurance Expense $8,200
- Maintenance Expense $9,675
- Gross Income $44,629
Security
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,617 | $438,260 | -- | -- |
| 2023 | $10,049 | $418,814 | $0 | $0 |
| 2022 | $9,030 | $346,775 | $0 | $0 |
| 2021 | $8,411 | $310,617 | $60,859 | $249,758 |
| 2020 | $8,523 | $313,261 | $60,859 | $252,402 |
| 2019 | $8,010 | $288,419 | $67,473 | $220,946 |
| 2018 | $1,584 | $56,889 | $56,889 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | For Sale | $495,000 | +52.3% | $145 / Sq Ft |
| 08/27/2019 08/27/19 | Sold | -- | -- | -- |
| 08/27/2019 08/27/19 | Pending | -- | -- | -- |
| 11/12/2018 11/12/18 | For Sale | $325,000 | -- | $95 / Sq Ft |
Source: Greater McAllen Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Landtitle Texas Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $340,349 | VA | |
| Closed | $329,944 | VA |
Source: Public Records
Similar Home in Edinburg, TX
Source: Greater McAllen Association of REALTORS®
MLS Number: 463943
APN: M5665-01-000-0096-00
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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.
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