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$900,000

1308 Miller Ave, DONNA, TX, 78537

On MarketInfo
CommercialInfo
Baths0 Bath
Baths10,488 Sq Ft
Multi FamilyMulti Family
price_per_sqft$85.81 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size39,204 sqft

Building Information

Year Built2004
Stories1
Roof Type105

Land Information

APNL0250-00-075-0002-00
Lot Number2
SubdivisionLott, Town & Improvements - Sdn
Land UseCommercial
Legal DescriptionLOTT, TOWN & IMPROVEMENTS ALL OF LOT 2 EXC SW COR BLK 75 0.90 AC
Census Tract022105
Assessed Land Value$205,821
Assessed Improvement Value$594,179
Assessment Year2025

About this property

This well-maintained 14-unit apartment complex in Donna offers an excellent investment opportunity just minutes from the expressway, providing convenient access for tenants and strong rental appeal. The property features a desirable unit mix of six 1-bedroom/1-bath units and eight 2-bedroom/1-bath units, catering to a broad tenant base and supporting stable occupancy. Each unit includes washer and dryer hookups, adding convenience for residents and enhancing rental value. With gross operating income estimated at approximately $115000 annually, this asset presents solid cash flow potential and long-term upside in a growing area. Ideal for investors seeking a strategically located multifamily property with consistent income performance.

Investor Tools

$0Estimated Mortgage Balance
$800,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,926/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,112
$800,000
2025
$205,821
$594,179
$800,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,112
$800,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$800,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: DONNA

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1308 Miller Ave | Property Details | No Agent List