7102 North 56th Lane

Mission, TX 78573

$540,000
Price
Beds
4,140 Sq. Ft.
$130 / Sq. Ft.
4,140
Sq. Ft.
$130
per Sq. Ft.

Description

Explore your investment opportunity in McAllen, Texas! This fully occupied fourplex boasts spacious units, each featuring 3 bedrooms and 2 baths – a significant draw for tenants seeking ample living space. Beyond its size, this property offers a pathway to financial freedom through house hacking: live in one unit and rent out the other three to cover expenses and build wealth. McAllen's thriving economy and growing population ensure sustained demand for rental properties, while the property's prime...Explore your investment opportunity in McAllen, Texas! This fully occupied fourplex boasts spacious units, each featuring 3 bedrooms and 2 baths – a significant draw for tenants seeking ample living space. Beyond its size, this property offers a pathway to financial freedom through house hacking: live in one unit and rent out the other three to cover expenses and build wealth. McAllen's thriving economy and growing population ensure sustained demand for rental properties, while the property's prime location provides convenience for both tenants and owner-occupiers. Don't miss out on this chance to invest in McAllen's promising real estate market. Schedule a viewing today and take the first step towards financial independence!
  1. Listed by Humberto Marquez • TREC #805638877 • Emedos Realty

Property Details for 7102 North 56th Lane

Community Features
Gated, Sidewalks, Street Lights
Subdivision Name
Shary Manor

Location

Listing Courtesy of Emedos Realty
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LISTING UPDATED: 03/11/2024 08:45 AM

Property Details for 7102 North 56th Lane

StatusActive
MLS #430216
Days on Market83
Taxes$12,295 / year
HOA Fees$500 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built2021
Lot Size0.25 AC / 10,920 SF
CountyHidalgo County

Location

Listing Courtesy of Emedos Realty
Add your commute

Building Information for 7102 North 56th Lane

Stories-Residences4Year Built2021Building Size-Lot Size0.25 AC / 10,920 SF

Payment Calculator

$4,013 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,947

Property Taxes

$1,025

HOA Dues

$42

The Payment Calculator is for illustrative purposes only.

Property Information for 7102 North 56th Lane

Summary
Location and General Information
  • Directions: If headed N on Shary Manor Rd turn right on Robin Ave. then make a left on N 56th Ln. Property will be on your right. If headed S on Shary Manor Rd turn left on Robin Ave. then make a left on N 56th Ln. Property will be on your right.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 8.0
  • Carport YN: Yes
  • Covered Spaces: 8.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Detached
  • Parking Total: 8.0
School Information
  • Elementary School: Wernecke
  • Elementary School District: Sharyland ISD
  • High School: Sharyland Pioneer H.S.
  • High School District: Sharyland ISD
  • Middle Or Junior School: Sharyland North Junior
  • Middle Or Junior School District: Sharyland ISD
Taxes and HOA
  • Association Fee: $500
  • Association FeeFrequency: Annually
  • Association Name: Shary Manor
  • Association: Yes
  • Parcel Number: S295500000002100
  • Tax Annual Amount: $12,295
  • Tax Legal Description: SHARY MANOR LOT 21
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 4140.0
  • Building Area Units: Square Feet
  • Living Area: 4140.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Sidewalks
  • Lot Size Acres: 0.2507
  • Lot Size Area: 10920.0564
  • Lot Size Square Feet: 10920.0564
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 2021
  • Year Built Source: HCAD
  • Escrow: $5,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 4
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: None
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sprinkler System
  • Fencing: Wood
  • Pool: No
  • Number Of Buildings: 2
  • Construction Materials: Stucco
  • Other Structures: Outbuilding (None)
  • Association Amenities: Property Owners' Assoc.
  • Roof: Composition Shingle
Interior Features
  • Appliances: Water Heater (Other), Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Dryer, Washer
  • Laundry Features: Laundry Closet
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Other Expense: $.00

Property History for 7102 North 56th 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 7102 North 56th Lane

Taxable ValueLand$99,918Additions$323,650Total$423,568
Tax Record2023$9,781 ($815 / month)
Home Facts
Total Finished SqFt4,140 SqFtAbove Grade Finished SqFt4,140 SqFtLot Size10,920 SqFtStyleQuadraplexYear Built2021CountyHIDALGOAPNS2955-00-000-0020-00

Schools near 7102 North 56th Lane

This home is within Sharyland Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Olivero Garza Sr Elementary School
PublicPK to 6

Sharyland North J High School
Public7 to 8

Sharyland Advanced Academic Academy
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.

Similar Homes

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Similar Sold Homes

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7102 North 56th Lane is a multi-family home for sale in Mission, TX 78573. This property was listed for sale on March 11, 2024 by Emedos Realty, it's currently listed at $540,000. It has been on the market for a total of 83 days and was last sold on June 26, 2023. This listing's school district is Sharyland Independent School District. Nearby schools include Olivero Garza Sr Elementary School, Sharyland North J High School and Sharyland Advanced Academic Academy. 7102 North 56th Lane is a 0-bed, 0-bath, 4,140 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 Emedos 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.