Centrally located and near the iconic Donna Water Tower...This property can either be used as a nice starter home with expansion capability or a great investment for future multi family units. Lot is .3444 of an acre and has plenty of space for family activity and storage. Call listing agent with 24 hour advance notice to set up a tour. OWNER OCCUPIED!
NOTE: Seller began remodel of this home, however has not completed renovations. Home has a lot of potential.
Homes that need major work, such as a new roof, to meet minimum property standards will not be eligible for the FHA's 203(b) loan program. However, they might qualify for the FHA's rehabilitation loan, known as the FHA 203(k). The home will still have to meet basic structural and energy efficiency standards, but the appraiser will be looking at the home's suitability after the repairs have been made. With the right program of repairs, a property that might fail a regular FHA appraisal could still be eligible for a 203(k) loan.
The information being provided by the Greater McAllen Association of REALTORS®, INC. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.