$540,000
$135K PRICE DROP

7504 U S 281 Alice, TX 78332

Estimated payment $4,235/month

Total Views 52,471
-- Bed
-- Bath
8,375 Sq Ft
$64 Price per Sq Ft

Highlights

  • Mature Trees
  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Ceiling Fan

About This Home

Amazing investment property with a great location! This is a newly remodeled 10 unit apartment complex right off highway 69C/281 with new roof, AC'S and water heaters. There is 4 bedroom/4.5 bath, 3 bedroom/2 bath, 2 bedroom/1 bath and several one bedrooms and studio's. 100% occupied.

Listing Agent

Sabita Mahtani

Key Realty Listed on: 08/07/2024

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,510

Year Built

  • Built in 1970

Lot Details

  • 1 Acre Lot
  • Partially Fenced Property
  • Mature Trees

Parking

  • No Garage

Home Design

  • Slab Foundation
  • Metal Roof
  • Siding
  • Stucco

Interior Spaces

  • 8,375 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Crawford Elementary School
  • Harwell Middle School
  • Economedes High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number S170002000000K04

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units
  • Santa Cruz Gardens #2 Subdivision

Building Details

  • Gross Income $94,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,510

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Directions: On US HWY 69/281 heading north the property will be on the right before Ingle Rd
  • Year Built: 1970
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1
  • Road Surface Type: Dirt, Gravel, Paved
  • Subdivision Name: Santa Cruz Gardens #2
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 2
  • GMAR_Escrow: 6000
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Metal
  • Appliances: Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Coil
  • Flooring: Tile
  • Living Area: 8375

Exterior Features

  • Exterior Features: Mature Trees
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Partial
  • Lot Features: Curb & Gutters, Mature Trees
  • Home Warranty: No
  • Construction Type: Siding, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: None
  • Cooling: Central Air, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Crawford
  • High School: Economedes H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: Harwell

Lot Info

  • Lot Size Sq Ft: 43560
  • Parcel #: S170002000000K04

Building Info

  • Buildings: 3

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15510

Multi Family

  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Annual Gross Income: 94800

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $540,000 -1.8% $64 / Sq Ft
06/05/2025 06/05/25 Price Changed $550,000 -2.7% $66 / Sq Ft
05/14/2025 05/14/25 Price Changed $565,000 -1.7% $67 / Sq Ft
01/23/2025 01/23/25 Price Changed $575,000 -11.5% $69 / Sq Ft
12/13/2024 12/13/24 Price Changed $650,000 -3.7% $78 / Sq Ft
08/07/2024 08/07/24 For Sale $675,000 -- $81 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 446593

Greater McAllen Association of REALTORS®
Texas Jim Wells County Alice 78332

7504 U S 281, Alice, TX

This home is located at 7504 U S 281, Alice, TX 78332 and is currently priced at $540,000, approximately $64 per square foot. This property was built in 1970. 7504 U S 281 is a home located in Jim Wells County with nearby schools including Ben Bolt-Palito Blanco Elementary School and Ben Bolt Palito-Blanco 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.

Nearby Homes
Sabita Mahtani
Listing Agent
Sabita Mahtani
Section Image
Key Realty
(361) 287-6500