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$159,000
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8014 N Lopez ST Rio Grande City, TX 78582
3,043 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,043 sqft
Subdivision Rancho Alto Vista
MLS Listing ID 394864
Sold Date 02/24/23
HOA Y/N No
Year Built 1995
Annual Tax Amount $3,376
Tax Year 2022
Lot Size 5,035 Sqft
Acres 0.1156
Property Sub-Type Quadruplex
Source Greater McAllen
Property Description
Extremely rare rental property that meets the 1% rule! Currently 100% leased out, the total monthly rent is $1,640 with an asking price of only $159,000. Two new central AC units were recently installed in addition to two new window units. Carpet has been removed and replaced with tiling. Wiring was recently fixed in the building and the roof is approximately 10 years old. Tenants pay for electricity and owner pays approximately $190/month for water and trash. With minimal repairs, rents for the 3 bedroom units can easily be raised to $650+ and $500+ for the 1 bedroom units creating an additional $7,900/year in cash flow. Bring all offers. We make deals happen.
Property is being sold as-is, where is. No repairs will be made. Please do not disturb tenants. Showings will be limited to buyers with verified proof of funds.
Location
State TX
County Starr
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Refrigerator, Stove/Range
Laundry None
Exterior
Exterior Feature Balcony
Fence None
Community Features None
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Faces Heading West on US 83 toward Rio Grande City, exit North for Embassy St. Turn West on Doria St and then South on N Lopez St. Property will be on the West side of N Lopez St.
Story 2
Foundation Slab
Sewer City Sewer
Structure Type Siding
New Construction No
Schools
Elementary Schools La Union
Middle Schools Ringgold
High Schools Rio Grande City H.S.
Others
Tax ID 062750110000300000000
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