$690,000
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1721 W Samano ST Edinburg, TX 78539
6,720 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,720 sqft
Subdivision Downing
MLS Listing ID 412218
Sold Date 09/08/23
HOA Y/N No
Year Built 1985
Annual Tax Amount $7,761
Tax Year 2022
Lot Size 0.335 Acres
Acres 0.3347
Property Sub-Type Apartment
Source Greater McAllen
Property Description
Impressive 8-plex property boasting updated interiors and excellent income potential. This income-producing property offers a lucrative 8% cap rate, making it a desirable investment opportunity.
Within this well-maintained property, you'll find seven spacious 2 bedroom, 1.5 bathroom apartments, providing ample living space for individuals and families. In addition, there is one unit featuring a 1 bedroom, 1 bathroom layout, and one studio unit, offering flexibility to accommodate various living preferences.
All units come equipped with essential appliances, including refrigerators and stoves, ensuring convenience for residents. Central air conditioning ensures comfortable living in all seasons.
Take advantage of this unique opportunity to acquire not only 1721 W Samano St., but also the adjacent property, 1711 W Samano St. These properties can be purchased together at a discounted price of $1,250,000, providing potential for expanded investment and increased rental income.
Location
State TX
County Hidalgo
Community Sidewalks, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Dryer, Other, Washer
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile, Vinyl
Appliance Electric Water Heater, Electric Cooktop
Laundry None
Exterior
Exterior Feature None
Fence None
Community Features Sidewalks, Street Lights
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Lot Description Sidewalks
Faces Sout of 107 on Sugar Rd turn West to Samano St. Building is on the North side
Story 2
Foundation Slab
Sewer City Sewer
Structure Type Brick,Siding
New Construction No
Schools
Elementary Schools Lee
Middle Schools South Middle School
High Schools Edinburg H.S.
Others
Tax ID D760001000001200
Security Features Smoke Detector(s)
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