$325,000 Price Analysis 110 S Arroyo BlvdRio Hondo, TX 78583 Unknown bed None bath 8,352 SqFt ($38/SqFt) 0.57 acre lot. Built 1948 Listed 2024-02-25, Taxes $6,203 | ✓ USDA Eligible near Arroyo Gardens, TX Restrictions may apply due to home size |
Some units have not been updated, this will allow the new buyer to update and bring all units to market rents. The current owner has successfully increased NOI by 30% since purchase almost three years ago. But further NOI increase is possible with updates to the units. Please note: 1. The property requires many updates and repairs. Some units may not be rented unless repairs are done. The property is being sold as-is with no repairs of any kind to be done by the seller prior to sale. 2. Seller will give priority to all-cash offers with no contingencies with proof of funds. 3. Seller will give priority to any offer with a large earnest money deposit. 4. If you are planning on getting financing, ensure your lender/bank is aware of the condition of the property. Bring in offers, Reduced by motivatd Seller!!
Property appraised @ $390.000.
Presented by Frank Escobedo at
Global Home Finders Realty.
Property MLS #29750683 from RioGrandeValley
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $158,721 + $49,000 $207,721 | $6,203 |
2021 | $161,027 + $49,000 $210,027 | $6,137 |
2020 | $161,027 + $49,000 $210,027 | $6,168 |
2019 | $143,558 + $49,000 $192,558 | $5,623 |
2018 | $143,558 + $49,000 $192,558 | $5,684 |
2017 | $143,558 + $49,000 $192,558 | $5,674 |
2016 | $79,808 + $25,000 $104,808 | $3,085 |
2015 | $79,808 + $25,000 $104,808 | $2,961 |
2014 | $79,808 + $25,000 $104,808 | $2,961 |
2013 | $71,685 + $25,000 $96,685 | $2,659 |
2012 | $71,685 + $25,000 $96,685 | $2,659 |
2011 | $71,685 + $25,000 $96,685 | $2,544 |
2010 | $unknown + $unknown $96,685 | $2,572 |
2009 | $unknown + $unknown $96,685 | $2,388 |
2008 | $unknown + $unknown $96,685 | $2,360 |
2007 | $unknown + $unknown $96,685 | $2,341 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.