$650,000
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307 N Moorefield RD Mission, TX 78572
7,548 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,548 sqft
Subdivision El Dorado Heights
MLS Listing ID 326516
Sold Date 03/09/22
HOA Y/N No
Year Built 2000
Annual Tax Amount $11,707
Tax Year 2021
Lot Size 1.001 Acres
Acres 1.0013
Property Sub-Type Multi Family
Source Greater McAllen
Property Description
Great investment opportunity located in a great location with 8 fully-leased apartments and long term tenants. The property has one 4-plex that was built in 2000 and another 4 plex built in 1997 totaling 8 units (7,548 SF). All units are 2bedroom/1bath approximately 940 SF (according to HCAD) with one unit leased at $800 and the remaining units leased at $700 generating $5,700 per month ($68,400 annually). If you are an investor looking to purchase a great income producing property, look no further! This property has been stabilized at 100% occupancy for years with an excellent rental history. Noteworthy, the subject site totals 1 acre with additional space to built more units in the future. Each unit is individually metered. You don't want to miss out on this great opportunity! Call today for information before this property is gone! OWNER FINANCING AVAILABLE!!!!
Location
State TX
County Hidalgo
Community Other
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Other
Heating Central, Electric
Cooling Central Air, Electric
Flooring Porcelain Tile
Appliance Electric Water Heater, Refrigerator, Stove/Range
Laundry Laundry Area, Washer/Dryer Connection
Exterior
Exterior Feature None
Fence None
Community Features Other
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Faces From 495 (Griffin Parkway), continue straight until you reach Moorefield road. Turn left and property will be on your right hand side. Red brick apartments.
Story 1
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Camarena
Middle Schools Memorial
High Schools Palmview H.S.
Others
Tax ID E506000000000400, E506000000000500
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