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1010 Cedarwood DR Rio Grande City, TX 78582
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,144 sqft
Subdivision Trophy Plex
MLS Listing ID 355827
Sold Date 08/13/21
HOA Y/N No
Originating Board Greater McAllen
Year Built 2007
Annual Tax Amount $8,995
Tax Year 2021
Lot Size 0.269 Acres
Acres 0.2686
Property Description
Fully rented 4-plex located in Rio Grande City. This rare opportunity offers individual, stand-alone units. The property has a strong rental history and vacancies are filled in a matter of days. The units feature vaulted ceilings and tile floors and despite their outstanding condition are currently being rented below market rates. Suggested pricing for the 3bed/2bath units are $715-$720/month and $650 for the 2bed/2bath units. The property is located right next door to Dr. Mario Ramirez Elementary School. Easy access to HWY 83, city offices, restaurants and shopping make it an attractive rental property. This is a great income-generating asset being offered at $68,750 per unit.
Location
State TX
County Starr
Community Curbs, Sidewalks
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Dryer, Microwave, Washer
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Mature Trees, Sprinkler System
Carport Spaces 8
Fence Privacy, Wood
Community Features Curbs, Sidewalks
Waterfront No
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Mature Trees, Sidewalks, Sprinkler System
Faces Take Hwy 83 to Payne Rio Grande City Ford and turn south on Trophy Street. Go 1 mile past Dr. Mario Ramirez Elementary School. Turn west on Cedarwood Dr.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Ramirez
Middle Schools Rio Hondo Junior High
High Schools Rio Grande City H.S.
Others
Tax ID 172800000203200000000
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