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$180,000

622 Gillman Ave, Mercedes, TX, 78570

$234,000 ARVInfo
On MarketInfo
Beds3 Beds
Baths— Bath
Baths4,044 Sq Ft
price_per_sqft$44.51 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms —Bathrooms —
AppliancesElectric Water Heater
FlooringTile, Vinyl

Building Information

Garage Spaces2

About this property

2 spacious homes Duplex for investors. Unit one is 3 story Center block/concrete strong built and is split up into 4 units fully equipped with 4 kitchens, 4 bathrooms, and 4 separate bedrooms; all share one electricity meter with paid for solar panels and one water meter. This home is great to lease out separate units or for large family with in-laws or grown children that can have their own private place, or possibly rent out. Unit 2 is a 4 bedroom 2 bath wood frame home on piers, with separate fence and driveway large enough for 4-5 vehicles each unit. All livable except it does need lots of cosmetic repairs/improvements and proper Central Air systems which all cash is preferred. The larger Concrete Unit was started in 1996 and finished in 2021 and the smaller frame wood was built in 1970 as per Hidalgo County appraisal district. Schedule your showings today.

Investor Tools

$0Estimated Mortgage Balance
$135,316Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$234,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

Interested in this property?

Jose Garcia

Medina Real Estate - Weslaco

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$221/month
No HOA
5.947%

City: Mercedes