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$495,000

Beds
Unknown
sq ft
4,820

608 N McColl Rd, Edinburg, TX 78541

608 N McColl Rd

Edinburg, TX 78539

  • 96 days on market
This multi-family property is located in a prime location! The unit mix includes five spacious two-bedroom and one-bath units and one one-bedroom and one-bath unit, providing comfortable living spaces for all tenants. Even though this property is older, it is structurally sound and in great shape. The owner has made some minor improvements, and there is an extensive potential to raise rents to market value. The location is prime, situated on a main road, centrally located, and close to UTRGV, shopping centers, restaurants, and more. This is an excellent opportunity for investors looking for a solid investment with great potential for increased returns. Don't miss out on this chance to own a valuable multi-family property in a highly desirable location. Schedule your viewing today!

Details

Property type

Apartment

Lot size

0.2314 acres

Price per sq ft

$103

Year built

1976

Annual property taxes

$7,631

Price History

06/14/2024
McAllenTX

McAllenTX #439661

Listed
$495,000

Schools & Community

Elementary school: 

De La Vina

Middle school: 

B.L. Garza

High school: 

Edinburg H.S.

Community features: 

None

High school district: 

Edinburg ISD

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lone Star National Bank

Loan start date

July 2008

Original loan amount

$127,750

Est. remaining balance

$0

Interest rate

6.32%

Loan type

Not Provided, 5 year

Seller

Juan V Covarrubias and Maria E Covarrubias

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 12:00 PM

Listing updated: 06/14/2024 at 2:51 PM

Listed by: Alberto Nino, Big Realty Phone #: (956) 465-0011

MLS: McAllenTX #439661

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