7006 North 56th Lane

Mission, TX 78573

$545,000
Price
Beds
4,306 Sq. Ft.
$127 / Sq. Ft.
4,306
Sq. Ft.
$127
per Sq. Ft.

Description

Discover a prime investment opportunity with this fully rented fourplex, strategically located in McAllen Texas. Property is officially located in McAllen but zoned for Sharyland Schools. Each unit is currently leased, ensuring immediate cash flow for the savvy investor. This well-maintained property features a DISHWASHER which none of the other units offer, tile flooring, all appliances, and open floor plan. Whether you're expanding your portfolio or entering the real estate market, this fourplex...Discover a prime investment opportunity with this fully rented fourplex, strategically located in McAllen Texas. Property is officially located in McAllen but zoned for Sharyland Schools. Each unit is currently leased, ensuring immediate cash flow for the savvy investor. This well-maintained property features a DISHWASHER which none of the other units offer, tile flooring, all appliances, and open floor plan. Whether you're expanding your portfolio or entering the real estate market, this fourplex offers stability and potential for growth. Don't miss out on this rare chance to acquire a turnkey investment. Contact us today to schedule a viewing and secure your future in real estate!
  1. Listed by Geetha Stockton • TREC #801066791 • Venture Real Estate

Property Details for 7006 North 56th Lane

Community Features
Curbs, Gated, Sidewalks, Street Lights
Subdivision Name
Shary Manor
LISTING UPDATED: 07/01/2024 03:23 PM

Property Details for 7006 North 56th Lane

StatusActive
MLS #442681
Days on Market177
Taxes$12,271 / year
HOA Fees$600 / year
Condo/Co-op Fees$1,100 / year
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built2021
Lot Size0.25 AC / 10,920 SF
CountyHidalgo County

Building Information for 7006 North 56th Lane

Stories-Residences4Year Built2021Building Size-Lot Size0.25 AC / 10,920 SF

Property Information for 7006 North 56th Lane

Summary
Location and General Information
  • Directions: From Expressway 83, Mission TX - head north on Shary Road or Farm to Market Road/494. Turn Left into Shary Manor. Go left of N 56th lane, property is on back of subdivision.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 8.0
  • Carport YN: Yes
  • Covered Spaces: 8.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Attached
  • Parking Total: 8.0
School Information
  • Elementary School: Olivero Garza Sr.
  • Elementary School District: Sharyland ISD
  • High School: Sharyland H.S.
  • High School District: Sharyland ISD
  • Middle Or Junior School: Sharyland North Junior
  • Middle Or Junior School District: Sharyland ISD
Taxes and HOA
  • Association Fee: $600
  • Association FeeFrequency: Annually
  • Association Name: Shary Manor HOA
  • Association: Yes
  • Parcel Number: S295500000002200
  • Tax Annual Amount: $12,271
  • Tax Legal Description: SHARY MANOR LOT 22
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 4306.0
  • Building Area Units: Square Feet
  • Living Area: 4306.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Curb & Gutters, Sidewalks, Sprinkler System
  • Lot Size Acres: 0.2507
  • Lot Size Area: 10920.0564
  • Lot Size Square Feet: 10920.0564
  • Lot Size Units: Square Feet
Property and Assessments
  • New Construction: No
  • Year Built: 2021
  • Year Built Source: HCAD
  • Escrow: $2,500.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: Thermostat
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None, Sprinkler System
  • Fencing: Privacy, Wood
  • Pool: No
  • Number Of Buildings: 2
  • Construction Materials: Stucco
  • Other Equipment: 1 Year Warranty
  • Other Structures: Outbuilding (None)
  • Association Amenities: Property Owners' Assoc.
  • Roof: Composition Shingle
  • Window Features: Energy Features (Double Pane Windows)
Interior Features
  • Appliances: Electric Water Heater, Water Heater (In Attic), Smooth Electric Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Cooling: Central Air, Electric, Heat Pump
  • Cooling YN: Yes
  • Flooring: Porcelain Tile
  • Heating: Central, Electric, Heat Pump
  • Heating: Yes
  • Interior Features: Ceiling Fan(s), Crown/Cove Molding, Dryer, Microwave, Other, Split Bedrooms, Walk-In Closet(s), Washer
  • Laundry Features: Laundry Closet
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $58,500.00
  • Insurance Expense: $2,000.00
  • Maintenance Expense: $1,100.00
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Other Expense: $2,880.00

Property History for 7006 North 56th Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7006 North 56th Lane

Taxable ValueLand$99,918Additions$431,520Total$531,438
Tax Record2023$12,271 ($1,023 / month)
Home Facts
Total Finished SqFt4,306 SqFtAbove Grade Finished SqFt4,306 SqFtLot Size10,920 SqFtStyleQuadraplexYear Built2021CountyHIDALGOAPNS2955-00-000-0022-00

Schools near 7006 North 56th Lane

This home is within Sharyland Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Olivero Garza Sr Elementary School
PublicPK to 6

Sharyland North J High School
Public7 to 8

Sharyland Advanced Academic Academy
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.

Similar Homes

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7006 North 56th Lane is a multi-family home for sale in Mission, TX 78573. This property was listed for sale on June 25, 2024 by Venture Real Estate, it's currently listed at $545,000. It has been on the market for a total of 177 days and was last sold on January 11, 2023. This listing's school district is Sharyland Independent School District. Nearby schools include Olivero Garza Sr Elementary School, Sharyland North J High School and Sharyland Advanced Academic Academy. 7006 North 56th Lane is a 0-bed, 0-bath, 4,306 sqft multi-family home built in 2021.

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 Venture Real Estate

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.