About 8014 N Lopez Street
Investor opportunity in Rio Grande City! This 4-plex is offered at just $146,900 and features approx. 3,159 sq. ft. of gross building area per appraisal. Three of four units are currently leased with a total rent roll of $1,690/month, or $20,280 annually in current scheduled rent. Unit mix includes two 3-bedroom units and two 1-bedroom units, with one 1BD/1BA currently vacant and offering additional income potential once leased. Listed owner expenses total approx. $6,839/year for taxes, insurance, and water, with trash charges passed through to occupied units. Property needs repairs and updating, but the price reflects the condition and creates a strong value-add opportunity for an investor looking to improve, stabilize, and increase performance over time. Features include tile flooring, covered porch/patio areas, paved access, and a chain-link fenced lot. Sold as-is.
Features of 8014 N Lopez Street
| MLS® # | 506602 |
|---|---|
| Price | $146,900 |
| Square Footage | 3,159 |
| Acres | 0.12 |
| Year Built | 1995 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 8014 N Lopez Street |
|---|---|
| Subdivision | Colonia Share 52 & Colonia Ab-130 |
| City | Rio Grande City |
| County | Starr |
| State | TX |
| Zip Code | 78582 |
Amenities
| Parking | No Carport, No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | None |
| Community Amenities | Street Lights |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range |
| Heating | Electric |
| Cooling | Electric, Wall Unit(s), Window Unit(s) |
| Total # of Units | 4 |
| # of Buildings | 1 |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Composition Shingle |
| Construction | Siding, Stucco |
| Foundation | Slab |
School Information
| District | Rio Grande ISD |
|---|---|
| Elementary | Ringgold |
| Middle | Ringgold |
| High | Rio Grande City H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Association | No |
Listing Details
| Agent | Rebeca Bermudez |
|---|---|
| Office | TNT Real Estate |
| Contact Info | 956-328-8473 |