8014 Lopez Street

Rio Grande City, TX 78582

$146,900

Beds: N/A
Baths: N/A
Square feet: 3,159
Lot: 0.12 acres
Year built: 1995
Type: Multi-family
Status: For Sale
MLS #: 506602

Mortgage estimate

$1,212/ month

20% down, 30 years, 6.5% rate. Includes estimated taxes and insurance.

Adjust the estimate

Estimates only, not a loan offer. Actual taxes, insurance, financing and closing costs vary.

About this home

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.

Features

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