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$480,000

106 S 48th Ln, McAllen, TX, 78501

On MarketInfo
Beds2 Beds
Baths3 Bath
Baths5,440 Sq Ft
QuadruplexQuadruplex
price_per_sqft$88.24 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,799 sqft

Building Information

Year Built2007
Stories2
Roof Type105

Land Information

APNS2940-00-000-0058-00
Lot Number58
SubdivisionShary Landing
Land UseResidential
Legal DescriptionSHARY LANDING LOT 58
Census Tract020506
Assessed Land Value$86,220
Assessed Improvement Value$365,401
Assessment Year2025

About this property

GREAT INVESTMENT OPPORTUNITY! Beautiful two-story fourplex located in a highly desirable area near Shary Road with a McAllen address and zoned to Sharyland ISD. Conveniently located near IDEA McAllen, Sharyland High School, shopping, dining, and everyday amenities. All four units are currently tenant occupied, providing immediate rental income with potential to increase rents. Property features include spray foam insulation, shutters on all units, and paver back patios. Three of the four units have been updated with paint, tile, carpet, appliances, and fixtures. One HVAC system is brand new, while the remaining systems are approximately five years old or newer. Each unit features granite countertops and includes a washer, dryer, refrigerator, stove, and dishwasher. An excellent opportunity to own a fully occupied, income-producing fourplex in a prime location!

Investor Tools

$281,824Estimated Mortgage Balance
$256,039Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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MODERN VALLEY REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$841/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,420
$451,621
2025
$86,220
$365,401
$451,621
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,420
$451,621

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Fha
$315,933
Yes
First
Sep 25, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,824
$241,176
46%
53%
$1,895/mo

City: McAllen