Welcome to this fantastic investment opportunity in the desirable Mon Mack Landing Gated Subdivision! This well-maintained fourplex features four units, offering a perfect blend of one-bedroom and two-bedroom layouts, making it an attractive option for a variety of tenants. The fourplex consists of two cozy one-bedroom, one-bath units, alongside two spacious two-bedroom, two-bath units. Each tenant is responsible for their own water bill. Situated in a sought-after neighborhood, this property is close to local amenities, schools, parks, and sopping ensuring convenience for tenants. Investment Potential: With a strong rental demand in the area, this fourplex is an excellent opportunity for investors looking to expand their portfolio or for first-time buyers seeking a multi-unit residence. Don’t miss your chance to own this versatile fourplex in Mon Mack Landing. Schedule a viewing today and explore the endless possibilities this property has to offer!
For sale
$495,000
503 Peabody Ave, Edinburg, TX 78539
6beds
6baths
3,424sqft
Est.:
Quadruplex, Multi Family
Built in 2018
-- sqft lot
$477,200 Zestimate®
$145/sqft
$42/mo HOA
What's special
Spacious two-bedroom two-bath unitsOne-bedroom and two-bedroom layoutsCozy one-bedroom one-bath units
- 160 days
- on Zillow |
- 21 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2025 at 12:29pm
Listed by:
Vikki R. Wright 956-587-9237,
Realty One Group Right Choice
Source: Greater McAllen AOR,MLS#: 463943
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Water Heater (In Attic), Disposal, Dryer, Refrigerator, Stove/Range-Electric Coil
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Tile
Interior area
- Total structure area: 3,424
- Total interior livable area: 3,424 sqft
Property
Parking
- Total spaces: 8
- Parking features: No Garage
- Carport spaces: 8
Features
- Exterior features: None, Sprinkler System
- Fencing: Privacy,Wood
Lot
- Size: 8,820.9 Square Feet
- Features: Mature Trees, Sidewalks, Sprinkler System
Details
- Additional structures: Outbuilding (None)
- Parcel number: M566501000009600
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick, Stone
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: Gated, Sidewalks, Street Lights
- Security: Smoke Detector(s)
- Subdivision: Monmack Landing
HOA
- Has HOA: Yes
- HOA fee: $500 annually
- HOA name: Mon-Mack Landing, LLC
Location
- Region: Edinburg
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $447,754
- Annual tax amount: $8,625
- Date on market: 3/4/2025
- Road surface type: Paved
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