912 North 29th Street

McAllen, TX 78501

$285,000
Price
Beds
3,060 Sq. Ft.
$93 / Sq. Ft.
3,060
Sq. Ft.
$93
per Sq. Ft.

Description

This unique property is a new investor's dream. Income producing Duplex - 2 bedrooms 1 bath, with a 3 bedroom 2 bathroom HOME sits directly across the street from the STC Pecan campus. Roof and AC was replaced 7 years ago, brand new water heaters in all three units. Don't wait, take the opportunity! Currently this property generates $2250 a month in rent but should be correctly priced at $2750 a month with proper rent increases. After some renovations home should easily rent for $1750 and each Apt....This unique property is a new investor's dream. Income producing Duplex - 2 bedrooms 1 bath, with a 3 bedroom 2 bathroom HOME sits directly across the street from the STC Pecan campus. Roof and AC was replaced 7 years ago, brand new water heaters in all three units. Don't wait, take the opportunity! Currently this property generates $2250 a month in rent but should be correctly priced at $2750 a month with proper rent increases. After some renovations home should easily rent for $1750 and each Apt. for $800 for a grand total of $3250. If held long enough STC could potentially buy out the subdivision, handsomely above market value.
  1. Listed by Aprillynn Sanchez • TREC #801068687 • Trademark Real Estate Group

Property Details for 912 North 29th Street

Community Features
None
Subdivision Name
Ivy Terrace

Location

Listing Courtesy of Trademark Real Estate Group
Add your commute
LISTING UPDATED: 05/20/2024 05:49 PM

Property Details for 912 North 29th Street

StatusActive
MLS #414470
Days on Market234
Taxes$6,289 / year
HOA Fees-
Condo/Co-op Fees$1,800 / year
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1981
Lot Size0.23 AC / 10,125 SF
CountyHidalgo County

Location

Listing Courtesy of Trademark Real Estate Group
Add your commute

Building Information for 912 North 29th Street

Stories-Residences3Year Built1981Building Size-Lot Size0.23 AC / 10,125 SF

Payment Calculator

$2,229 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,555

Property Taxes

$524

HOA Dues

$150

The Payment Calculator is for illustrative purposes only.

Property Information for 912 North 29th Street

Summary
Location and General Information
  • Directions: Traveling West on Pecan Blvd. towards South Texas College, turn South onto 29th St. Property is on the East side of the road before the intersection of 29th and Ivy. Parking for duplex is in the rear of the property via access of the alley.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 6.0
  • Carport YN: Yes
  • Covered Spaces: 6.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Carport, No Garage
  • Parking Total: 6.0
School Information
  • Elementary School: Alvarez
  • Elementary School District: McAllen ISD
  • High School: McAllen H.S.
  • High School District: McAllen ISD
  • Middle Or Junior School: Lincoln
  • Middle Or Junior School District: McAllen ISD
Taxes and HOA
  • Association: No
  • Parcel Number: IVY TERRACE LOT 3
  • Tax Annual Amount: $6,289
  • Tax Legal Description: IVY TERRACE LOT 3
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 3060.0
  • Building Area Units: Square Feet
  • Living Area: 3060.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Irregular Lot
  • Lot Size Acres: 0.2324
  • Lot Size Area: 10125.0864
  • Lot Size Dimensions: 75x135
  • Lot Size Square Feet: 10125.0864
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 1981
  • Year Built Source: HCAD
  • Escrow: $3,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 3
  • Sewer: City Sewer
  • 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: None
  • Fencing: Non Privacy
  • Pool: No
  • Number Of Buildings: 1
  • Construction Materials: Brick
  • Other Structures: Outbuilding (None)
  • Roof: Composition Shingle
  • Security Features: Smoke Detector(s)
Interior Features
  • Appliances: Electric Water Heater, Smooth Electric Cooktop, Refrigerator, Stove/Range
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Other
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s), Dryer, Washer
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $27,000.00
  • Insurance Expense: $2,000.00
  • Maintenance Expense: $1,800.00
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 3
  • Other Expense: $400.00

Property History for 912 North 29th 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 912 North 29th Street

Taxable ValueLand$62,269Additions$191,318Total$253,587
Tax Record2022$5,072 ($423 / month)
Home Facts
Total Finished SqFt3,060 SqFtAbove Grade Finished SqFt3,060 SqFtStories1Lot Size10,123 SqFtStyleTriplexYear Built1981Year Renovated1995CountyHIDALGOAPNI9000-00-000-0003-00

Schools near 912 North 29th 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 - 6 to 8
Rating
School
Distance
Alvarez Elementary School
PublicPK to 5

De Leon Middle School
Public6 to 9

Rowe High School
Public9 to 12

Lincoln Middle School
Public6 to 8

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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912 North 29th Street is a multi-family home for sale in McAllen, TX 78501. This property was listed for sale on October 11, 2023 by Trademark Real Estate Group, it's currently listed at $285,000. This listing's school district is Mcallen Independent School District. Nearby schools include Alvarez Elementary School, De Leon Middle School and Rowe High School. 912 North 29th Street is a 0-bed, 0-bath, 3,060 sqft multi-family home built in 1981.

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 Trademark Real Estate Group

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.