2612-2714 East Mile 17 1/2 North

Edinburg, TX 78541

$1,895,000
Price
Beds
20,160 Sq. Ft.
$94 / Sq. Ft.
20,160
Sq. Ft.
$94
per Sq. Ft.

Description

Welcome investors to a fantastic opportunity to own a 24-unit apartment complex in a prime location near UTRGV. With a new roof and one of the units recently remodeled, showcasing the potential for the entire complex to be upgraded and modernized. This gives investors the chance to add value and increase rental income through renovations and improvements. Alternatively, the complex can continue to operate as is, providing stable and consistent cash flow for investors. Don't miss out on this incredible...Welcome investors to a fantastic opportunity to own a 24-unit apartment complex in a prime location near UTRGV. With a new roof and one of the units recently remodeled, showcasing the potential for the entire complex to be upgraded and modernized. This gives investors the chance to add value and increase rental income through renovations and improvements. Alternatively, the complex can continue to operate as is, providing stable and consistent cash flow for investors. Don't miss out on this incredible chance to own a well-positioned apartment complex with the potential for growth and increased returns.
  1. Listed by Maggie Harris • TREC #801066305 • Keller Williams Realty Rgv

Property Details for 2612-2714 East Mile 17 1/2 North

Community Features
Curbs, Street Lights
Subdivision Name
Encinos Escondidos #2
LISTING UPDATED: 10/31/2024 11:23 AM

Property Details for 2612-2714 East Mile 17 1/2 North

StatusActive
MLS #408985
Days on Market172
Taxes$45,773 / year
HOA Fees-
Condo/Co-op Fees$400 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1999
CountyHidalgo County

Building Information for 2612-2714 East Mile 17 1/2 North

Building/Complex2612-2714 E Mile 17 1/2 NFloor-Stories1Residences24Pet Policy-Year Built1999Building Size-

Property Information for 2612-2714 East Mile 17 1/2 North

Summary
Location and General Information
  • Directions: Head North coming from S McColl Rd, Turn right onto W Mile 17 1/2 Rd/Russell Rd. Apartments will be on the right side.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 48.0
  • Carport YN: Yes
  • Covered Spaces: 48.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Carport, No Garage
  • Parking Total: 48.0
School Information
  • Elementary School: Cavazos
  • Elementary School District: Edinburg ISD
  • High School: Edinburg North H.S.
  • High School District: Edinburg ISD
  • Middle Or Junior School: B.L. Garza
  • Middle Or Junior School District: Edinburg ISD
Taxes and HOA
  • Association: No
  • Parcel Number: E597002000014900
  • Tax Annual Amount: $45,773
  • Tax Legal Description: ENCINOS ESCONDIDOS PH 2 LOTS 149-151; 152-154
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: Seller Measured
  • Building Area Total: 20160.0
  • Building Area Units: Square Feet
  • Living Area: 20160.0
  • Living Area Source: Seller Measured
  • Living Area Units: Square Feet
  • Lot Size Acres: 1.6032
  • Lot Size Area: 1.6032
  • Lot Size Square Feet: 69837.1344
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1999
  • Year Built Source: HCAD
  • Escrow: $20,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 26
  • Sewer: City Sewer
Green Features
  • Green Energy Efficient: Thermostat
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Fencing: None
  • Pool: No
  • Number Of Buildings: 2
  • Construction Materials: Brick
  • Other Structures: Outbuilding (None)
  • Roof: Other
Interior Features
  • Appliances: Electric Water Heater, No Conveying Appliances
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: None
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $133,200.00
  • Insurance Expense: $.00
  • Maintenance Expense: $400.00
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 24
  • Other Expense: $.00

Property History for 2612-2714 East Mile 17 1/2 North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2612-2714 East Mile 17 1/2 North

This home is within Edinburg Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 10
Rating
School
Distance
Cavazos Elementary School
PublicPK to 5

B L Garza Middle School
Public6 to 8

Edinburg North High School
Public9 to 12

EDINBURG COLLEG
Public9 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2612-2714 East Mile 17 1/2 North is a multi-family home for sale in Edinburg, TX 78541. This property was listed for sale on June 28, 2024 by Keller Williams Realty Rgv, it's currently listed at $1,895,000. This listing's school district is Edinburg Consolidated Independent School District. Nearby schools include Cavazos Elementary School, B L Garza Middle School and Edinburg North High School. 2612-2714 East Mile 17 1/2 North is a 0-bed, 0-bath, 20,160 sqft multi-family home built in 1999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Rgv

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.