Skip To Content

110 S Arroyo Blvd.

Rio Hondo, TX 78583
  • $399,000
  • STATUS: Active
  • ON SITE: 85 Days
  • MLS #: 29750683
UPDATED: 69 min ago
$399,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,352
    SQFT
  • $48
    $/SQFT
Type:
Multi-Family
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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!

Monthly Payment Calculator

© 2024 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Troy Giles Realty. Data last updated: 2024-05-20T17:51:38.227.
www.troygilesrealty.com/homes/147919247
Print Image

110 S Arroyo Blvd. Rio Hondo, TX 78583

  • Price: $399,000
  • Status: Active
  • On Site: 85 Days
  • Updated: 69 min ago
  • MLS #: 29750683
0
Beds
0
Baths
0
½ Baths
0.57
Acres
8,352
SQFT
$48
$/SQFT
1948
Built
Neighborhood:
Rio Hondo, Original Townsite
County:
Cameron
Area:
Rio Hondo
Elementary School:
Rio Hondo
Middle School:
Rio Hondo
High School:
Rio Hondo
School District:
Rio Hondo I.S.D.
Property Description
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!
Exterior Features

Construction Slab Exterior Features None Exterior Siding BlockBrickStucco Fence Type Other Garage Details Other Location Features None Outbuildings Laundry Facility Stories One Street Type Paved

Interior Features

Conveying Appliances Range Energy Features None Flooring TileOther Heating System None Interior Features Smoke Alarm(s) Special Features None Water Heater 2+ Water Heaters/UnitNatural Gas

Property Features

Community Amenities None Multifamily Type Apartment (10+) Proposed Financing CashOther REO No Sewer Public Sewer Water Public

Listing provided courtesy of Frank Escobedo of Global Home Finders Realty: 9566261280. © 2024 Harlingen Board of Realtors Multiple Listing Service.
© 2024 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Troy Giles Realty. Data last updated: 2024-05-20T17:51:38.227.
 
https://bt-photos.global.ssl.fastly.net/harlingen/orig_boomver_1_29750683-2.jpg https://bt-photos.global.ssl.fastly.net/harlingen/orig_boomver_1_29750683-2.jpg https://bt-photos.global.ssl.fastly.net/harlingen/orig_boomver_1_29750683-2.jpg
Logo
Troy Giles Realty
5813 Padre Blvd
South Padre Island TX, 78597