6220 North 11th Street

McAllen, TX 78504

$3,900,000
Price
Beds
40,269 Sq. Ft.
$97 / Sq. Ft.
40,269
Sq. Ft.
$97
per Sq. Ft.

Description

Welcome to an incredible investment opportunity to expand your real estate portfolio with the Valencia Apartments. This property presents the chance to add 52 more doors to your investment portfolio. The Valencia Apartments offer a diverse mix of living spaces, including two-bedroom, one-bedroom, and studio apartments. Situated in a prime location in McAllen, just off 10th Street, residents enjoy easy access to the heart of the city's amenities and attractions. This property generates over $400,000...Welcome to an incredible investment opportunity to expand your real estate portfolio with the Valencia Apartments. This property presents the chance to add 52 more doors to your investment portfolio. The Valencia Apartments offer a diverse mix of living spaces, including two-bedroom, one-bedroom, and studio apartments. Situated in a prime location in McAllen, just off 10th Street, residents enjoy easy access to the heart of the city's amenities and attractions. This property generates over $400,000 in annual gross revenue, underlining its potential for significant cash flow. Don't miss out on this extraordinary investment opportunity in the thriving McAllen real estate market. Reach out today to learn more about the Valencia Apartments and seize this lucrative venture.
  1. Listed by Adolfo Landa • TREC #801070062 • Imperio Real Estate Llc

Property Details for 6220 North 11th Street

Community Features
Pool
Subdivision Name
Smith Village # 1

Location

Listing Courtesy of Imperio Real Estate Llc
Add your commute
LISTING UPDATED: 05/06/2024 02:41 PM

Property Details for 6220 North 11th Street

StatusPending
MLS #430699
Days on Market49
Taxes$47,054 / year
HOA Fees-
Condo/Co-op Fees$8,743 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1985
CountyHidalgo County

Location

Listing Courtesy of Imperio Real Estate Llc
Add your commute

Building Information for 6220 North 11th Street

Building/Complex6220 N 11th StFloor-Stories-Residences52Pet Policy-Year Built1985Building Size-

Payment Calculator

$25,934 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,284

Property Taxes

$3,921

HOA Dues

$729

The Payment Calculator is for illustrative purposes only.

Property Information for 6220 North 11th Street

Summary
Location and General Information
  • Directions: Head north on 10th st, turn west into W Jay Ave, take a right on N 11th st, property is located on your right hand side.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 0.0
  • Carport YN: No
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Garage
  • Parking Total: 0.0
School Information
  • Elementary School: Rayburn
  • Elementary School District: McAllen ISD
  • High School: McAllen H.S.
  • High School District: McAllen ISD
  • Middle Or Junior School: Morris
  • Middle Or Junior School District: McAllen ISD
Taxes and HOA
  • Association: No
  • Parcel Number: S385001000000100
  • Tax Annual Amount: $47,054
  • Tax Legal Description: SMITH VILLAGE UT NO. 1 ALL LOTS 1 & 2 & LT 3 E129' & W30'-N135' & LOT 4 E59.65'
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 40269.0
  • Building Area Units: Square Feet
  • Living Area: 40269.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 2.1139
  • Lot Size Area: 2.1139
  • Lot Size Square Feet: 92081.0484
  • Lot Size Units: Acres
Property and Assessments
  • New Construction: No
  • Year Built: 1985
  • Year Built Source: HCAD
  • Escrow: $39,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 2
  • Utilities: Cable Available
  • 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: Balcony, BBQ Pit/Grill
  • Fencing: None
  • Pool: Yes
  • Number Of Buildings: 4
  • Construction Materials: Brick
  • Other Structures: Laundry Facility, Office, Storage
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Roof: Other, Shingle
Interior Features
  • Appliances: Water Heater (Other Location), No Conveying Appliances
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile, Vinyl
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Laundry Area
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $411,384.00
  • Insurance Expense: $32,297.00
  • Maintenance Expense: $8,743.00
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 52
  • Other Expense: $.00

Property History for 6220 North 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6220 North 11th Street

Taxable ValueLand$423,582Additions$1,576,418Total$2,000,000
Tax Record2022$40,000 ($3,333 / month)
Home Facts
Total Finished SqFt12,296 SqFtAbove Grade Finished SqFt12,296 SqFtStories1Lot Size92,081 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyHIDALGOAPNS3850-01-000-0001-00

Schools near 6220 North 11th Street

This home is within Mcallen Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 9
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rayburn Elementary School
PublicPK to 5

Morris Middle School
Public6 to 9

Mcallen High School
Public9 to 12

Achieve Early College High School
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.

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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 Imperio Real Estate Llc

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.