$300,000 Price Analysis    ♡   Mercedes, TX 78570 Unknown bed None bath 5,252 SqFt ($57/SqFt) 0.52 acre lot. Built 1998 Listed 2024-07-05, Taxes $6,187 | Ⓧ Possibly USDA Ineligible due to property condition near Mercedes |
Great Investment Property in Mercedes
TX! This 5 Unit Apartment Complex is the perfect fixer upper for any investor looking to maximize their cash flow portfolio. All units ara vacant as the interir of the property needs remodeling. Property already counts with a full roof replacement done in May 2024!
Apartment Complex features 2 units composed of 3 bedrooms/2 baths and 3 units of 2 bedrooms/2 baths. Don't miss an opportunity to create a cash flowing asset for yourself!
Presented by Samantha Reynoso at
Verite Realty Llc.
Property MLS #443405 from McAllen
Decorative/High Ceilings
Flooring: Tile
Water Heater (Other Location)
Laundry Features: Laundry Area, Washer/Dryer Connection
Heating Features: Central, Other HVAC
Heating: Yes
Other Structures: Outbuilding (None)
Road Surface Type: Paved
Covered Spaces: 8
Parking Features: Other Garage or Carport
Parking Total: 8
Lot Size Square Feet: 22547
Number of Units In Community: 5
Number of Units: 15
Elementary School District: Mercedes ISD
High School: Edcouch-Elsa H.S.
High School District: Mercedes ISD
Middle School: Ybarra
Middle or Junior School District: Mercedes ISD
Map directions Map directions Map directionsCalculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: Hidalgo
Directions: Driving North on Mile Three Rd W, once you pass Mile 13 N Rd, Turn West (Left) on Spanish Palms, property will be to your right.
Tax Year: 2024
Source Property Type: Residential Income
Source Neighborhood: Spanish Palms
Parcel Number: S531000002000300
Subdivision: Spanish Palms
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $243,986 + $45,090 $289,076 | $6,187 |
| 2021 | $187,896 + $45,090 $232,986 | $5,030 |
| 2020 | $190,965 + $45,090 $236,055 | $5,137 |
| 2019 | $193,893 + $45,090 $238,983 | $5,211 |
| 2018 | $190,410 + $45,090 $235,500 | $5,133 |
| 2017 | $196,738 + $24,800 $221,538 | $4,840 |
| 2016 | $175,685 + $24,800 $200,485 | $4,405 |
| 2015 | $167,248 + $24,800 $192,048 | $4,216 |
| 2014 | $138,057 + $21,418 $159,475 | $3,499 |
| 2013 | $139,539 + $21,418 $160,957 | $3,473 |
| 2012 | $141,021 + $21,418 $162,439 | $3,471 |
| 2011 | $142,503 + $18,036 $160,539 | $3,426 |
| 2010 | $143,985 + $18,036 $162,021 | $3,455 |
| 2009 | $unknown + $unknown $163,493 | $3,400 |
| 2008 | $unknown + $unknown $163,848 | $3,409 |
| 2007 | $unknown + $unknown $156,216 | $2,986 |
$300,000
McAllen
Listing removed 2023-11-15
$0
McAllen
Price Changed 2023-11-08
$195,000
McAllen
Listed 2023-10-01
$295,000
McAllen
Year Built: 1998
Building Area Total: 5252
Building Area Units: Square Feet
Construction Materials: Block, Stucco
Foundation Details: Slab
Living Area Source: HidalgoCAD
Living Area Units: Square Feet
Property Age: 26
Roof: Shingle
Water Source: Public
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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.