703 E Lovett ST Active Save Request In-Person Tour Request Virtual Tour
Edinburg,TX 78541
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,375 sqft
Price per Sqft $92
Subdivision Edinburg Original Townsite
MLS Listing ID 481981
HOA Y/N No
Year Built 1961
Annual Tax Amount $5,815
Tax Year 2024
Lot Size 0.326 Acres
Acres 0.326
Property Sub-Type Triplex
Source Greater McAllen
Property Description
Investment Opportunity! This triplex offers great potential for improvement and increased value, ideally located near UTRGV and the Edinburg Courthouse.
The property is located in two lots with a total area of 0.32 acre and consists of two front units (2 bed / 1 bath each) currently leased at $800 and $550, plus a back unit (1 bed / 1 bath) leased at $550. With some updates, this property has strong upside, perfect for adding to an investment portfolio or for an owner-occupant looking to live in one unit and rent out the others.
Owner Financing Available: Down Payment: 35%, Terms: 30-year amortization at 10% interest, Balloon: 5 years
Location
State TX
County Hidalgo
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features None
Cooling Window Unit(s)
Flooring Other
Appliance Water Heater (Other),Other
Laundry None
Exterior
Carport Spaces 2
Fence Barbed Wire
Community Features None
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot
Faces Head east on Schunior St, then turn left onto N Veterans Rd. Next, take a left onto E Lovett St. and the house will be on the right.
Story 1
Foundation Pillar/Post/Pier,Slab
Sewer City Sewer
Water Public
Structure Type Aluminum Siding,Block
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Barrientes
High Schools Edinburg H.S.
Others
Tax ID E330000115001100