$1,050,000

611 Cameron St Progreso Lakes, TX 78596

Estimated payment $6,309/month

Total Views 1,625
-- Bed
-- Bath
7,168 Sq Ft
$146 Price per Sq Ft

Highlights

  • 1.08 Acre Lot
  • No HOA
  • Walk-In Closet
  • High Ceiling
  • Cul-De-Sac
  • Laundry closet

About This Home

Great Investment Opportunity! This 8-plex property offers multiple rental units in a great location, providing steady cash flow potential. Each unit features spacious living areas, three parking spots per unit, new construction. Additionally, the property includes an extra property next to it, which is now leased for a pre owned car lot, offering additional cash flow. This versatile space is perfect for tenants needing extra parking for added convenience of possibly turning into a different cash flow opportunity, such as a plaza. This property is a must see. Owner finance available.

Listing Agent

Luis Rodriguez

The Firm Real Estate Co. Llc Listed on: 09/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,493

Year Built

  • Built in 2023

Lot Details

  • 1.08 Acre Lot
  • Cul-De-Sac
  • Chain Link Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 7,168 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Laundry closet

Kitchen

  • Stove
  • Microwave

Parking

  • 16 Carport Spaces
  • No Garage

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Progreso Elementary And Middle School
  • Progreso High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number T123205000003900

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Tejas #5 Subdivision

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $50
  • Gross Income $85,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,493

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Directions: From McAllen area, head east towards Weslaco, exit south on International blvd, head south a few miles, turn right on johnny vela st, then left on Hidalgo st, then left on Star st. Property will be on the cul-de-sac. Property is right before military hwy 281.
  • Year Built: 2023
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0793
  • Road Surface Type: Paved
  • Subdivision Name: Tejas #5
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Microwave, Stove/Range
  • Flooring: Tile
  • Living Area: 7168

Exterior Features

  • Exterior Features: Gutters/Spouting
  • Interior Amenities: Ceiling Fan(s), Decorative/High Ceilings, Microwave, Walk-In Closet(s)
  • Fencing: Chain Link
  • Lot Features: Cul-De-Sac
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

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

Utilities

  • Utilities: Water Available
  • Laundry Features: Laundry Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 47013.8724
  • Parcel #: T123205000003900

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9493

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 8
  • Annual Gross Income: 85000
  • Insurance Expense: 1200

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
2025 $9,493 $787,089 $324,410 $462,679
2024 $9,493 $324,410 $324,410 --
2023 $9,058 $324,410 $324,410 $0
2022 $4,964 $164,556 $164,556 $0
2021 $4,987 $164,556 $164,556 $0
2020 $5,077 $164,556 $164,556 $0
2019 $5,142 $164,556 $164,556 $0
2018 $5,103 $164,556 $164,556 $0
2017 $5,143 $164,556 $164,556 $0
2016 $2,572 $82,278 $82,278 $0
2015 $2,550 $82,278 $82,278 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 For Sale $1,050,000 -- $146 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Corporation Service
Special Warranty Deed -- Security Land Title Co
Trustee Deed $75,000 None Available
Vendors Lien -- Vltc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $90,000 Purchase Money Mortgage
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 479668

Greater McAllen Association of REALTORS®

APN: T1232-05-000-0039-00

Texas Hidalgo County Progreso Lakes 78596

611 Cameron St, Progreso Lakes, TX

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Luis Rodriguez
Section Image
The Firm Real Estate Co. Llc
(956) 395-1248