Estimated payment $15,641/month
Total Views
47,556
--
Bed
--
Bath
24,000
Sq Ft
$100
Price per Sq Ft
Highlights
- 1.39 Acre Lot
- Walk-In Closet
- Laundry closet
- No HOA
- Slab Porch or Patio
- Porcelain Tile
About This Home
Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,000
Year Built
- Built in 2017
Lot Details
- 1.39 Acre Lot
- Decorative Fence
- Sprinkler System
Parking
- 40 Carport Spaces
Home Design
- Slab Foundation
- Composition Shingle Roof
- Stucco
- Stone
Interior Spaces
- 24,000 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Porcelain Tile
Kitchen
- Electric Cooktop
- Microwave
Bedrooms and Bathrooms
- Split Bedroom Floorplan
- Walk-In Closet
Laundry
- Laundry closet
- Dryer
- Washer
Schools
- Santos Livas Elementary School
- Vela Middle School
- Psja Memorial High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Additional Features
- Energy-Efficient Thermostat
- Slab Porch or Patio
Listing and Financial Details
- Assessor Parcel Number S309000000000100
Community Details
Overview
- No Home Owners Association
- 9 Buildings
- 3 Units
- Shea Estates Subdivision
Building Details
- Insurance Expense $1,250
- Maintenance Expense $400
- Gross Income $18,000
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 |
|---|---|---|---|---|
| 2025 | $28,735 | $1,546,005 | $227,070 | $1,318,935 |
| 2024 | $28,735 | $1,141,760 | $227,070 | $914,690 |
| 2023 | $34,058 | $1,366,306 | $227,070 | $1,139,236 |
| 2022 | $29,514 | $1,105,821 | $227,070 | $878,751 |
| 2021 | $24,287 | $892,751 | $227,070 | $665,681 |
| 2020 | $24,810 | $899,972 | $227,070 | $672,902 |
| 2019 | $22,473 | $784,894 | $117,450 | $667,444 |
| 2018 | $21,767 | $762,424 | $117,450 | $644,974 |
| 2017 | $2,936 | $101,250 | $101,250 | $0 |
| 2016 | $2,936 | $101,250 | $101,250 | $0 |
| 2015 | $1,894 | $70,875 | $70,875 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2025 04/15/25 | For Sale | $2,400,000 | +1820.0% | $100 / Sq Ft | |
| 02/21/2017 02/21/17 | Sold | -- | -- | -- | View Prior Sale |
| 02/08/2017 02/08/17 | Pending | -- | -- | -- | |
| 08/03/2011 08/03/11 | For Sale | $125,000 | -- | -- |
Source: Greater McAllen Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available |
Source: Public Records
About the Listing Agent
Helping clients find homes and smart investments in the Rio Grande Valley one of the fastest growing regions in Texas. Whether you're buying your first home, relocating, or building your portfolio, I’m here to guide you through every step. The RGV continues to rank as a top up and coming area with strong value, great communities, and real opportunity.
Victor's Other Listings
Source: Greater McAllen Association of REALTORS®
MLS Number: 467850
APN: S3090-00-000-0001-00
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.
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.
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