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$260,000

NAL Estimated Property Value

2311 Rio Hondo Rd, HARLINGEN, TX, 78550

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,672 Sq Ft
Multi FamilyMulti Family
price_per_sqft$70.92 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size19,602 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN18-3080-0010-0010-00
Lot Number1
SubdivisionHarbour Subdivision
Land UseResidential
Legal DescriptionHARLINGEN- HARBOUR LOT 1 BLK 1
Census Tract010204
Assessed Land Value$126,420
Assessed Improvement Value$114,758
Assessment Year2025

About this property

WONDERFUL INVESTMENT PROPERTY IN THE HEART OF HARLINGEN ON ALMOST HALF AN ACRE! THIS PROPERTY CONSISTS OF 2 UNITS CURRENTLY LEASED WITH 2670 SQ FT TOTAL BETWEEN THE 2! YOU HAVE A 3 BEDROOM/2 BATH AND A 1BEDROOM 1 BATH UNIT. BOTH UNITS HAVE TILED FLOORS THROUGHOUT-LARGE PRIMARY ROOMS-NICE OPEN FLOOR CONCEPT-BOTH UNITS HAVE INSIDE LAUNDRY ROOMS. THERE IS PLENTY OF MORE ROOM FOR EXPANSION IF THE NEW OWNER WANTED TO BUILD ANOTHER UNIT IN THE BACK! A MUST SEE TO APPRECIATE! PPROPERTY -ROOF WAS REPLACED IN 2017-A/C SYSTEM FOR THE 3/2 WAS INSTALLED IN 2014 AND FOR THE 1/1 IN 2018. A MUST SEE TO APPRECIATE!

Investor Tools

Property Icon
$260,000
Estimated Property Value
$126,872Estimated Mortgage Balance
$133,128Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$498/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,672
$241,178
2025
$126,420
$114,758
$241,178
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,672
$241,178

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Karnes Cnty Natl Bank Of Karnes City
Commercial
$140,000
No
First
May 28, 2021
May 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,872
$133,128
51%
49%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,180/mo
$840/mo
+$340/mo
5.4%

City: HARLINGEN

2311 Rio Hondo Rd | Property Details | No Agent List