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110 S Arroyo Blvd., Rio Hondo, TX 78583

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For Sale

$399,000

8,352 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $47.77
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

We are pleased to present 110 S. Arroyo Blvd in Rio Hondo TX. This is a 14-unit apartment complex that is a perfect value-add opportunity for the right buyer. Some units have not been updated, this will allow the new buyer to update and bring all units to market rents. The current owner has successfully increased NOI by 30% since purchase almost three years ago. But further NOI increase is only possible with updates to the units. Please note: 1. The property requires many updates and repairs. Some units may not be rented unless repairs are done. The property is being sold as-is with no repairs of any kind to be done by the seller prior to sale. 2. Seller will give priority to all-cash offers with no contingencies with proof of funds. 3. Seller will give priority to any offer with a large earnest money deposit. 3. If you are planning on getting financing, ensure your lender/bank is aware of the condition of the property. Bring in offers, Motivated Seller! Sells as is!
MLS# 29750683

Courtesy Of Global Home Finders Realty, LLC

(956) 554-0092

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range
  • Architecture Style
    Other
  • Exterior Type
    Block, Brick, Stucco
  • Floor Covering
    Tile
  • Heating Fuel
    None
  • Lot Size
    0.57 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 110 S Arroyo Blvd., Rio Hondo, TX 78583

Home seller CENTURY 21 Johnston Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Johnston Company

(956) 425-3333
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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