5007 East US Highway 83
Description
-Some units have been...Amazing opportunity to pick up 32 units in South Texas. Renovations have been done to the property over the last 4 years including roofs, A/C units, parking area, and appliances. Although income has been steadily increasing, there is still room to raise rents. The region has been growing and developing rapidly and rental demand is strong. The region has been growing and developing rapidly and rental demand is strong - A/C Units updated in some units. -Roof replaced as of 2021
-Some units have been renovated including new and/or refurbished appliances
-Parking area has been updated
-Close proximity to shopping and restaurants.
- Listed by Monica M. Rodriguez Garza • TREC #801066493 • Just Realty
Property Details for 5007 East US Highway 83
Property Details for 5007 East US Highway 83
| Status | Active |
|---|---|
| MLS # | 446030 |
| Days on Market | 118 |
| Taxes | $27,635 / year |
| HOA Fees | - |
| Condo/Co-op Fees | $7,862 / year |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 2005 |
| County | Starr County |
Building Information for 5007 East US Highway 83
Property Information for 5007 East US Highway 83
- Directions: WEST on US Hwy 83. Located on NORTH side of US Hwy 83 after North La Perica Street, before reaching N Blanca Rd.
- Road Surface Type: Paved
- Carport Spaces: 0.0
- Carport YN: No
- Covered Spaces: 0.0
- Garage Spaces: 0.0
- Garage: No
- Parking Features: No Garage
- Parking Total: 0.0
- Elementary School: Ramirez
- Elementary School District: Rio Grande ISD
- High School: Rio Grande City H.S.
- High School District: Rio Grande ISD
- Middle Or Junior School: Rio Hondo Junior High
- Middle Or Junior School District: Rio Grande ISD
- Association: No
- Parcel Number: 001790820006000000100
- Tax Annual Amount: $27,635
- Tax Legal Description: AB 179 POR 82 NICOLAS VELASH 607230-1840-01
- Tax Year: 2023
- Building Area Source: Seller Measured
- Building Area Total: 26770.0
- Building Area Units: Square Feet
- Living Area: 26770.0
- Living Area Source: Seller Measured
- Living Area Units: Square Feet
- Lot Features: Corner Lot, Sidewalks
- Lot Size Acres: 0.913
- Lot Size Area: 39769.8444
- Lot Size Square Feet: 39769.8444
- Lot Size Units: Square Feet
- Year Built: 2005
- Year Built Source: SCAD
- Escrow: $50,000.00
- Irrigation Water Rights: No
- Number Of Separate Water Meters: 32
- Sewer: City Sewer
- Green Energy Efficient: Other
- Home Warranty: No
- Exterior Features: Other
- Fencing: Barbed Wire, Chain Link
- Pool: No
- Number Of Buildings: 5
- Construction Materials: Brick, HardiPlank Type
- Other Structures: Laundry Facility
- Roof: Shingle
- Appliances: Electric Water Heater, Refrigerator, Stove/Range
- Cooling: Central Air
- Cooling YN: Yes
- Flooring: Tile
- Heating: Central
- Heating: Yes
- Interior Features: Ceiling Fan(s)
- Laundry Features: Laundry Area
- Foundation Details: Slab
- Gross Income: $211,212.00
- Insurance Expense: $10,542.00
- Maintenance Expense: $7,862.00
- Number Of Units In Community: 2
- Number Of Units Total: 32
- Other Expense: $37,592.00
Property History for 5007 East US Highway 83
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5007 East US Highway 83
Schools near 5007 East US Highway 83
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Dr Mario E Ramirez Elementary School PublicPK to 5 | ||
Ringgold Middle School Public6 to 8 | ||
Rio Grande City High School Public9 to 12 | ||
Preparatory For Early College High S Public9 to 12 |
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.
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Listing Courtesy of Just Realty
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.