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Sold on 09/24/2024
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105 Esperanza Ave, Hidalgo, TX 78557

  • $456,000

    Last sold 09/24/2024 for $450K

  • —

    bed

  • —

    bath

  • 4,800

    Sqft ($94/Sqft)

Multi-family not for sale
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About 105 Esperanza Ave

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Rental estimate
Property description
Nestled in the heart of Hidalgo, this property enjoys close proximity to essential amenities including retail shops, schools, and the police station, ensuring high tenant demand and convenience. The roof was replaced in 2023, providing peace of mind and reduced maintenance costs. Several units have been tastefully remodeled, offering modern comforts and attracting quality tenants. The parking lot was repaved in 2020, enhancing the property’s appeal. With a competitive 8.37% cap rate, this investment offers a lucrative opportunity in a city poised for growth. The combination of location, recent upgrades, and strong return potential makes this property a standout choice for savvy investors. Don’t miss out on this opportunity to invest in a flourishing market with a well-maintained asset.
Listed by
Listing Agent - Edson Carvajal
Listing Office - Hanna Solutions
Source: Greater McAllen AOR mls logo
MLS#445873 • last updated 1 year ago
Movoto checked Greater McAllen AOR for data 1 minute ago
Overview
Cooling/AC Window Unit(s)
Heating None
Levels/Style 2
SubType Apartment
Type Residential Income
Living Area 4800, Square Feet
Status Sold
MLS # 445873
Lot Size (Acres) 0.2583
Lot Size (SqFt) 11251.9836
Property Tax 7756
Year Built 1982
Interior
Flooring Tile
Interior Features Ceiling Fan(s)
Exterior
Roof Shingle
Exterior Features Other
Construction Block
Foundation Slab
Lot Features Mature Trees
Fencing Chain Link
Other Structures Outbuilding (None)
Amenities / Utilities
Laundry Laundry Area
Green Features: Energy Efficient None
Sewer City Sewer
Water Source Public
Location
County Hidalgo
Subdivision Hidalgo Original Townsite
Community Features None
Elementary School Hidalgo
High School Hidalgo H.S.
Middle School District Hidalgo ISD
Elementary School District Hidalgo ISD
Middle School Diaz
High School District Hidalgo ISD
Directions Head South On International Blvd. Turn Left (west) On W Esperanza Ave. In-between First And Second St. On The North Side.
APN H250000039000700
Multifamily Details
# of Buildings 2
# of Separate Water Meters 8
# of Units Total 8
Maintenance Expense 1200
Gross Income 50220
Insurance Expense 6500
Lot/ Land Details
Road Surface Paved
$456K
Range: $378K-$533K
Last 30 days 
Rental est.: $956/month
Gross rent multiplier: 39.2
  • Sep 2024
    mls logo MLS # 445873
  • Sep 25, 2024 Pending
    —
  • Jul 26, 2024 Listed
    $600,000 (+172.7%)
  • Jun 2018
    mls logo MLS # 218014
  • Jun 22, 2018 Price Change
    $220,000 (-4.3%)
  • May 10, 2018 Price Change
    $230,000 (-5.0%)
  • Mar 7, 2018 Listed
    $242,000 (-5.1%)
  • Feb 2018
    mls logo MLS # 213760
  • Feb 23, 2018 Price Change
    $255,000 (-7.3%)
  • Nov 8, 2017 Listed
    $275,000 (-8.3%)
  • May 2017
    mls logo MLS # 198956
  • May 22, 2017 Price Change
    $300,000 (-11.8%)
  • Feb 14, 2017 Price Change
    $340,000 (-2.9%)
  • Sep 4, 2016 Listed
    $350,000
  • 105 Esperanza Ave
    $450K
  • Hidalgo Original Townsite
    —
  • 78557
    $269K +4% y/y
  • Hidalgo
    $269K +4% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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