511 Lotto Lane

Edinburg, TX 78541

$450,000
Price
Beds
2,507 Sq. Ft.
$179 / Sq. Ft.
2,507
Sq. Ft.
$179
per Sq. Ft.

Description

Modern building and Fully rented fourplex with high demand for 1 bedroom units! This beautiful well maintained has 3 one bedroom units and 1 two bedroom unit. All units include water and trash. Very spacious lot with over 9,000 sf! Great income at average $850 for the 1 bed units! Location, location location! its very close about 2 blocks away from UTRGV University a mile away from the expressway. Beautiful layout and finishes with unique black flooring. Each unit with private patio! One story building!...Modern building and Fully rented fourplex with high demand for 1 bedroom units! This beautiful well maintained has 3 one bedroom units and 1 two bedroom unit. All units include water and trash. Very spacious lot with over 9,000 sf! Great income at average $850 for the 1 bed units! Location, location location! its very close about 2 blocks away from UTRGV University a mile away from the expressway. Beautiful layout and finishes with unique black flooring. Each unit with private patio! One story building! Beautiful ceilings and walk-in closets! Low maintenance with great tenants! Perfect for FHA move into one unit and lease the other 3! Ask your lender about 5% down only! Stained concrete flooring.
  1. Listed by Irene Uribe Manrique de Lara • TREC #801067752 • First Choice Realty

Property Details for 511 Lotto Lane

Community Features
Street Lights
Subdivision Name
Torres Del Sol

Location

Listing Courtesy of First Choice Realty
Add your commute
LISTING UPDATED: 10/05/2023 05:29 PM

Property Details for 511 Lotto Lane

StatusActive
MLS #415172
Days on Market252
Taxes$7,143 / year
HOA Fees-
Condo/Co-op Fees$2,280 / year
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built2021
Lot Size0.21 AC / 9,127 SF
CountyHidalgo County

Location

Listing Courtesy of First Choice Realty
Add your commute

Building Information for 511 Lotto Lane

Stories-Residences4Year Built2021Building Size-Lot Size0.21 AC / 9,127 SF

Payment Calculator

$3,241 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$595

HOA Dues

$190

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Lotto Lane

Summary
Location and General Information
  • Directions: From Schunior N on 6th Ave drive N to Lotto
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 0.0
  • Carport YN: No
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Garage Faces Front
  • Parking Total: 0.0
School Information
  • Elementary School: Austin
  • Elementary School District: Edinburg ISD
  • High School: Edinburg H.S.
  • High School District: Edinburg ISD
  • Middle Or Junior School: B.L. Gray Junior High
  • Middle Or Junior School District: Edinburg ISD
Taxes and HOA
  • Association: No
  • Parcel Number: T607501000000700
  • Tax Annual Amount: $7,143
  • Tax Legal Description: TORRES DEL SOL PH 1 LOT 7
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HarrisCAD
  • Building Area Total: 2507.0
  • Building Area Units: Square Feet
  • Living Area: 2507.0
  • Living Area Source: HarrisCAD
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.2095
  • Lot Size Area: 9127.998
  • Lot Size Square Feet: 9127.998
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 2021
  • Year Built Source: HarrisCAD
  • Escrow: $4,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 2
  • Sewer: City Sewer
  • Utilities: Cable Available
  • Water Source: Public
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None, Sprinkler System
  • Fencing: Partial, Privacy, Wood
  • Pool: No
  • Number Of Buildings: 2
  • Construction Materials: Other, Stucco
  • Other Structures: Outbuilding (None)
  • Roof: Composition Shingle
  • Security Features: Smoke Detector(s)
  • Window Features: Energy Features (Double Pane Windows)
Interior Features
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Cooling: Central Air, Electric
  • Cooling YN: Yes
  • Flooring: Concrete
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Ceiling Fan(s), Decorative/High Ceilings, Microwave, Walk-In Closet(s)
  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $42,000.00
  • Insurance Expense: $2,160.00
  • Maintenance Expense: $2,280.00
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Other Expense: $480.00

Property History for 511 Lotto 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 511 Lotto Lane

Taxable ValueLand$87,629Additions$243,755Total$331,384
Tax Record2022$8,629 ($719 / month)
Home Facts
Total Finished SqFt2,507 SqFtAbove Grade Finished SqFt2,507 SqFtStories1Lot Size9,130 SqFtStyleQuadraplexYear Built2021CountyHIDALGOAPNT6075-01-000-0007-00

Schools near 511 Lotto Lane

This home is within Edinburg Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 9
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Austin Elementary School
PublicPK to 5

B L Garza Middle School
Public6 to 9

Edinburg North High School
Public9 to 12

Vision Academy Of Excellence
Public11 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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511 Lotto Lane is a multi-family home for sale in Edinburg, TX 78541. This property was listed for sale on October 5, 2023 by First Choice Realty, it's currently listed at $450,000. It has been on the market for a total of 252 days and was last sold on November 3, 2021. This listing's school district is Edinburg Consolidated Independent School District. Nearby schools include Austin Elementary School, B L Garza Middle School and Edinburg North High School. 511 Lotto Lane is a 0-bed, 0-bath, 2,507 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Choice 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.