πŸ”₯10 Units in the Rio Grande Valley πŸ”₯

Hidalgo County, Alamo, TX, 78516
Sold
Listed at: July 28th, 2023
Price
$525,000
ARV
$850,000
Gross Margin
$325,000
Sq. Footage
8463
Type
Multifamily
Parking
Unassigned
Year build
1974
Lot size
0.49 acres
Bedrooms
20
Bathrooms
10
Half Bathrooms
0
Summary

Asking Price $525,000

ARV $850,000


Property Overview

  • 10 Units
  • 2bed/1bath each unit
  • 8463 sqft
  • .49 acres
  • Zoned: RM

Property Details

  • 7 of 10 units are turn key
  • 2 units need full rehab
  • 1 unit needs update
  • Estimated Rehab $100k
  • HVAC: 5 are new / Other 5 are 5-6yrs old
  • New Appliances
  • Roof replaced in 2015
  • Electric- separately metered- owner pays $25 for common area
  • Water- Owner pays water $250 a month
  • Insurance $1500 a year
  • Detached Laundry Room

Rents and Occupancy

  • 5 units $600 a month
  • 1 unit $550 a month
  • 4 vacant
  • Current Monthly Rents: $3550
  • Potential Rents: $7000

Comps:

306 Roberts Ave (14 Units)

Sold 12/22 $890,000


πŸ“žGIVE KRISTIN A CALL OR SHOOT HER A TEXT

MESSAGE FOR MORE INFO

ON THIS OPPORTUNITY! (480-336-0347)



Please do your own due diligence. Property is being sold as-is and the buyer is to pay ALL closing costs. Price based on a cash or hard money offer. All properties offered are either owned by us, under contract and selling equitable interest, or offered in conjunction with a business associate. Agents, please add your commission to the sales price paid for by the buyer. ο»Ώο»ΏNOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT. Any property information received by you is proprietary information belonging to any of our company LLCs and its affiliates. Any transaction consummated by you will be pursuant to an assignment of one of our acquisitions LLC's Contract. Any unauthorized contact will be considered INTENTIONAL INTERFERENCE with a contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brendan Palacios

β˜…β˜…β˜…β˜…β˜…
β˜…β˜…β˜…β˜…β˜…
No reviews

Disposition manager