1 of 27
Tools
Size
8,352 Sq Ft.
interior
0.57 Acres
Exterior
Financial
$399,000
Change Currency
$48
Price Per Sqft
Listing Details
Multi Family
Property type
1948
Year Built
9569362
Web Id
29750683
MLS ID
60
Days Posted
Description
110 S Arroyo Blvd., Rio Hondo, TX 78583
We are pleased to present 110 S. Arroyo Blvd in Rio Hondo TX. This is a 14-unit apartment complex that is a perfect value-add opportunity for the right buyer. Some units have not been updated, this will allow the new buyer to update and bring all units to market rents. The current owner has successfully increased NOI by 30% since purchase almost three years ago. But further NOI increase is only possible with updates to the units. Please note: 1. The property requires many updates and repairs. Some units may not be rented unless repairs are done. The property is being sold as-is with no repairs of any kind to be done by the seller prior to sale. 2. Seller will give priority to all-cash offers with no contingencies with proof of funds. 3. Seller will give priority to any offer with a large earnest money deposit. 3. If you are planning on getting financing, ensure your lender/bank is aware of the condition of the property. Bring in offers, Motivated Seller! Sells as is!
This is an Active listing.
Broker Office Phone Number: 956-554-0092
Copyright © 2024Rio Grande Valley Multiple Listing Service Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 956-554-0092
Copyright © 2024Rio Grande Valley Multiple Listing Service Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Fenced
- Tile Flooring
- Garage
Price History
date | Price | variance | type |
---|---|---|---|
4/17/2024 | $399,000 | 6.12 % | decreased |
2/28/2024 | $425,000 | 10.53 % | decreased |
11/10/2023 | $475,000 | 4.04 % | decreased |
11/2/2023 | $495,000 | - | Listed |
Listing By: Global Home Finders Realty via Data Source: Rio Grande Valley Multiple Listing Service Inc.
listing agent: Frank Escobedo