UPDATED:
10/15/2024 08:22 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,060 sqft
Subdivision Ivy Terrace
MLS Listing ID 414470
HOA Y/N No
Originating Board Greater McAllen
Year Built 1981
Annual Tax Amount $6,289
Tax Year 2023
Lot Size 10,125 Sqft
Acres 0.2324
Property Description
Currently this property generates $2250 a month in rent but should be correctly priced at $2750 a month with proper rent increases. After some renovations home should easily rent for $1750 and each Apt. for $800 for a grand total of $3250. If held long enough STC could potentially buy out the subdivision, handsomely above market value.
Location
State TX
County Hidalgo
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Dryer, Washer
Heating Central
Cooling Central Air
Flooring Other
Appliance Electric Water Heater, Smooth Electric Cooktop, Refrigerator, Stove/Range
Laundry Laundry Area, Washer/Dryer Connection
Exterior
Exterior Feature None
Carport Spaces 6
Fence Non Privacy
Community Features None
Waterfront No
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 6
Garage No
Building
Lot Description Irregular Lot
Faces Traveling West on Pecan Blvd. towards South Texas College, turn South onto 29th St. Property is on the East side of the road before the intersection of 29th and Ivy. Parking for duplex is in the rear of the property via access of the alley.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Alvarez
Middle Schools Lincoln
High Schools Mcallen H.S.
Others
Tax ID I900000000000300
Security Features Smoke Detector(s)
GET MORE INFORMATION