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$235,000

3016 S L St Apt 1, McAllen, TX, 78503

PendingInfo
Beds3 Beds
Baths3 Bath
Baths1,739 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$135.14 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,988 sqft

Building Information

Year Built2013
Stories2
Roof Type104
Garage Spaces1

Land Information

APNC0920-25-000-0001-00
SubdivisionCanadas 25 Condominiums - Spa
Land UseResidential
Legal DescriptionCANADAS 25 CONDOMINIUMS UNIT 1
Census Tract021203
Assessed Land Value$41,262
Assessed Improvement Value$185,735
Assessment Year2025

About this property

Welcome to the perfect blend of style, comfort, and convenience! This beautifully maintained 3-bedroom, 3-bathroom townhome is ideally located just minutes from top shopping, dining, and hospitals. Whether you're looking for your next home or a great investment opportunity, this property is a must-see! Inside, enjoy a bright open-concept layout filled with natural light, sleek tile flooring throughout, and a spacious modern kitchen that flows effortlessly into the living and dining areas—perfect for entertaining or relaxing. The home includes a refrigerator, stove, and dishwasher for added convenience. Each bedroom offers comfort and privacy, while the stylish bathrooms add a touch of luxury. With its clean design, prime location, and timeless charm, this move-in ready townhome has everything you need. Don’t miss your chance to own a piece of South McAllen living—schedule your private showing today!

Investor Tools

$205,677Estimated Mortgage Balance
$22,652Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,168
$226,997
2025
$41,262
$185,735
$226,997
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,168
$226,997

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Elite Properties 12 Llc
Purchase Money Mortgage
$213,000
No
First
May 22, 2024
May 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,677
$27,323
11%
91%
$1,278/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,340/mo
$1,278/mo
+$62/mo
7.1%

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.

Explore Texas Explore This Area
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: McAllen

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3016 S L St Apt 1 | Property Details | No Agent List