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108 N Linares ST Alton, TX 78573
SOLD DATE : 12/21/2020Want to know what your home might be worth? Contact us for a FREE valuation!
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,472 sqft
Subdivision Palmasola
MLS Listing ID 343527
Sold Date 12/21/20
HOA Y/N No
Originating Board Greater McAllen
Year Built 2015
Annual Tax Amount $7,609
Tax Year 2019
Lot Size 7,613 Sqft
Acres 0.1748
Property Sub-Type Multi Family
Property Description
GREAT INVESTMENT PROPERTY generating $3,825.00/month!!All units have granite countertops, refrigerator, stove, washer and dryer.100% tenant occupied and currently receiving a yearly gross income of $45,900.Maintenance expenses of $840/yr (lawn service),Utilities of $3840/yr and Taxes and Ins of approximately $9,809/yr. Appox. NOI of $31,4111 and currently yielding an 8.5 Cap Rate. All units are in amazing condition.Contact LA for more information.3 units are 2 Bed 1.5 Baths (downstairs) and 3 units are 2 Beds, 1 Bath (upstair).Property has 12 parking spaces.Individual sqft provided is approximate. Seller and broker do not guarantee that information. NOI and Cap rate stated above are based on seller's current inc.& exp and does not represent future performance. Does not guarantee buyer's rate of return will be the same. Seek financial advise and conduct your own research on other potential expenses and rate of return based on your specific situation, as there are many varying factors.
Location
State TX
County Hidalgo
Community Curbs, Sidewalks, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
Laundry None
Exterior
Exterior Feature None
Fence Partial
Community Features Curbs, Sidewalks, Street Lights
Utilities Available Cable Available
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Lot Description Sidewalks
Faces North on Bryan Rd. past Mile 5 Rd. Take a left and Turn on Linares St. It is the first apartments on the right.
Story 2
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Siding
New Construction No
Schools
Elementary Schools Midkiff
Middle Schools Cantu
High Schools Veterans Memorial H.S.
Others
Tax ID P215500000003000
Security Features Smoke Detector(s)
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