$525,000
$15K PRICE DROP

520 Downing Ave Edinburg, TX 78539

Estimated payment $3,695/month

Total Views 1,470
-- Bed
-- Bath
4,288 Sq Ft
$122 Price per Sq Ft

Highlights

  • Gated Community
  • Corner Lot
  • Laundry Room
  • Trevino Elementary School Rated A-
  • Slab Porch or Patio
  • Tile Flooring

About This Home

Prime Income-Generating 4-Plex in Monmack Landing!

Seize the opportunity to own a fully occupied, income-producing 4-plex in a highly desirable gated community in Edinburg. Strategically located near UTRGV, top dining spots, major expressways, and shopping centers – ensuring consistent tenant demand. Plus, tenants cover their own utilities, maximizing your cash flow. Don’t miss out – schedule your private tour today!

Listing Agent

Diego Sanchez - Etienne

Saneti Realty Group Listed on: 05/13/2025

Saneti Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,409

Year Built

  • Built in 2018

Lot Details

  • 10,576 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $42 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,288 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Cavazos Elementary School
  • B.L. Garza Middle School
  • Edinburg High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M566501000005000

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Mon Mack Landing Association
  • Mon Mack Landing Subdivision

Building Details

  • Insurance Expense $375
  • Maintenance Expense $100
  • Gross Income $4,125

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,409

Year Built

Built in 2018

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Directions: Turn right onto S Bicentennial Blvd then for 6.9 mi turn right onto W Freddy Gonzalez Dr then for 1.0 mi turn left onto S Mon Mack Rd then for 0.6 mi turn right destination is on your left.
  • Year Built: 2018
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2428
  • Road Surface Type: Paved
  • Subdivision Name: Mon Mack Landing
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_Escrow: 6000
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 4288

Exterior Features

  • Exterior Features: Sprinkler System
  • Interior Amenities: Dryer, Microwave, Washer
  • Fencing: Privacy, Wood
  • Lot Features: Corner Lot, Sidewalks
  • Home Warranty: No
  • Construction Type: Brick, Stone
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Room, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Sidewalks, Street Lights
  • Amenities: Property Owners' Assoc.
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Mon Mack Landing
  • Association: Yes

Schools

  • Elementary School: Cavazos
  • High School: Edinburg H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: B.L. Garza

Lot Info

  • Lot Size Sq Ft: 10575.9324
  • Parcel #: M566501000005000

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10409

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 4125
  • Insurance Expense: 375

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 $12,232 $509,430 $79,316 $430,114
2023 $12,078 $503,388 $72,970 $430,418
2022 $10,409 $399,716 $72,970 $326,746
2021 $9,766 $360,671 $72,970 $287,701
2020 $9,896 $363,718 $72,970 $290,748
2019 $6,154 $221,588 $80,902 $140,686
2018 $1,899 $68,211 $68,211 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $525,000 -2.8% $122 / Sq Ft
05/13/2025 05/13/25 For Sale $540,000 +10.2% $126 / Sq Ft
03/17/2023 03/17/23 Sold -- -- --
01/30/2023 01/30/23 Pending -- -- --
01/15/2023 01/15/23 For Sale $490,000 -- $114 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Capital Title
Warranty Deed -- Edwards Abstract And Title C
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $452,207 FHA
Previous Owner $126,450 New Conventional
Previous Owner $259,329 Purchase Money Mortgage
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 471179

Greater McAllen Association of REALTORS®

APN: M5665-01-000-0050-00