View photo
House
·
for sale
USD 146,900
USD 46/sq.ft
8014 N Lopez Street
Olmos, Rio Grande City Rio Grande City CCD Starr County Texas
· 3,154 sq.ft · House
· Patio
Olmos, Rio Grande City Rio Grande City CCD Starr County Texas · 3,154 sq.ft · House · Patio
Investor opportunity in Rio Grande City! This 4-plex is offered at just $146,900 and features approx. 3,159 sq. Ft. of gross building area per appraisal. Three of four units are currently leased with a total rent roll of $1,690/month, or $20,280 annually in current scheduled rent. Unit mix includes two 3-bedroom units and two 1-bedroom units, with one 1BD/1BA currently vacant and offering additional income potential once leased. Listed owner expenses total approx. 6,839/year for taxes, insurance, and water, with trash charges passed through to occupied units. Property needs repairs and updating, but the price reflects the condition and creates a strong value-add opportunity for an investor looking to improve, stabilize, and increase performance over time. Features include tile flooring, covered porch/patio areas, paved access, and a chain-link fenced lot. Sold as-is
Investor opportunity in Rio Grande City! This 4-plex is offered at just $146,900 and features approx. 3,159 sq. Ft. of gross building area per appraisal. Three of four units are currently leased with a total rent roll of $1,690/month, or $20,280 annually in current scheduled rent. Unit mix includes two 3-bedroom units and two 1-bedroom units, with one 1BD/1BA currently vacant and offering additional income potential once leased. Listed owner expenses total approx. 6,839/year for taxes, insurance, and water, with trash charges passed through to occupied units. Property needs repairs and updating, but the price reflects the condition and creates a strong value-add opportunity for an investor looking to improve, stabilize, and increase performance over time. Features include tile flooring, covered porch/patio areas, paved access, and a chain-link fenced lot. Sold as-is
USD 146,900