$199,000
$6K PRICE DROP

503 W Adams Ave Alton, TX 78573

Estimated payment $1,484/month

Total Views 5,034
-- Bed
-- Bath
2,100 Sq Ft
$95 Price per Sq Ft

Highlights

  • No HOA
  • Laundry closet
  • Central Heating and Cooling System
  • Slab Porch or Patio
  • Tile Flooring
  • 1-Story Property

About This Home

Discover a fantastic investment opportunity with this income-producing 3-bedroom, 2-bathroom duplex at 503 Adams Ave, Alton, TX. Located in a prime area, this property features two fully leased units, ensuring immediate cash flow for investors. Situated in a growing community, it offers easy access to schools, shopping, and major roads, making it highly desirable for tenants. Whether you're a seasoned investor or just starting out, this turnkey property provides steady rental income and long-term potential. Don’t miss out on this ready-to-go investment

Listing Agent

Denyss Alanis

Texas Star Realty, Llc Listed on: 02/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,575

Year Built

  • Built in 2006

Lot Details

  • 5,502 Sq Ft Lot
  • Barbed Wire

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • Garage
  • 4 Carport Spaces
  • Side Facing Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Cantu Elementary School
  • Alton-Memorial Junior High
  • Mission High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number S2500000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Serda Subdivision

Building Details

  • Maintenance Expense $500
  • Gross Income $1,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,575

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Directions: Take the exit for Conway Avenue (FM 1016/N Conway Ave) If coming from the east (McAllen/Mission), exit and turn right (north) onto N Conway Avenue. If coming from the west (La Joya/Palmview), exit and turn left (north) onto N Conway Avenue. Head north on Conway Avenue (FM 1016/N Conway Ave) Continue for about 6.5 miles north through Mission until you reach Alton, TX. Turn left onto W Adams Avenue After passing Main Avenue in Alton, turn left onto W Adams Avenue. Arrive at 429 W Adams Avenue Your destination will be on the right-hand side.
  • Year Built: 2006
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1263
  • Road Surface Type: Paved
  • Subdivision Name: Serda
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_Escrow: 2050
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, No Conveying Appliances
  • Flooring: Tile
  • Living Area: 2100

Exterior Features

  • Exterior Features: None
  • Fencing: Barbed Wire
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Cantu
  • High School: Mission H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: Alton-Memorial Junior High

Lot Info

  • Lot Size Sq Ft: 5501.628
  • Parcel #: S2500000000
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4575

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 1550

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,231 $136,709 -- --
2023 $3,037 $124,281 $0 $0
2022 $2,772 $112,983 $0 $0
2021 $2,546 $102,147 $29,767 $89,189
2020 $2,402 $92,861 $29,767 $82,038
2019 $2,268 $84,419 $22,413 $62,006
2018 $2,297 $84,958 $21,362 $63,596
2017 $2,338 $85,752 $21,362 $64,390
2016 $2,381 $87,342 $21,362 $65,980
2015 $1,953 $84,470 $18,561 $65,909
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $199,000 -2.9% $95 / Sq Ft
02/15/2025 02/15/25 For Sale $205,000 -- $98 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Vendors Lien $53,693 Landtitleusa Inc
Warranty Deed -- None Available
Trustee Deed $48,800 None Available
Trustee Deed $66,879 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $53,693 FHA
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 461867

Greater McAllen Association of REALTORS®

APN: T5750-01-002-0004-00

Texas Hidalgo County Alton 78573

503 W Adams Ave, Alton, TX

This home is located at 503 W Adams Ave, Alton, TX 78573 and is currently priced at $199,000, approximately $94 per square foot. This property was built in 2006. 503 W Adams Ave is a home located in Hidalgo County with nearby schools including Cantu Elementary School, Alton Memorial Junior High School, and Mission High School.

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.

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Listing Agent
Denyss Alanis
Section Image
Texas Star Realty, Llc
(956) 450-1928