$10,000

closing credit¹

5007 E US Highway 83 Rio Grande City, TX 78582

$1,800,000
26,770 sqft
0.9 acres
$67 / sqft
Condo

Property details

About 5007 E US Highway 83

Amazing opportunity to pick up 32 units in South Texas. Renovations have been done to the property over the last 4 years including roofs, A/C units, parking area, and appliances. Although income has been steadily increasing, there is still room to raise rents. The region has been growing and developing rapidly and rental demand is strong. - A/C Units updated in some units. -Roof replaced as of 2021 -Some units have been renovated including new and/or refurbished appliances -Parking area has been updated -Close proximity to shopping and restaurants.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size26,770 sqft
Lot size0.913 Acres
Year built2005
ParkingNo Garage
MLS #446030

Summary

  • MLS Number: 446030
  • MLS Name: McAllenTX
  • Office Name: JUST Realty
  • Listing Agent: Monica Rodriguez Garza

Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/31/2025, 10:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,800,000

5007 E US Highway 83

$10,000

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$1,094,940$11,339
2023$988,770$11,339
2022$988,770$11,339
2021$988,770$11,853
2020$339,240$-

History based on county public records data.

Nearby schools

6

John & Olive Hinojosa Elementary School

Public Magnet PK-5

0.5 mi

2448 Embassy St

7

Dr Mario E Ramirez Elementary School

Public Magnet PK-5

1.3 mi

8001 Trophy Rd

7

Ringgold Elementary School

Public Magnet PK-5

1.8 mi

1 S Fort Ringgold St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $20,181. Typical income of Rio Grande City, TX residents is less than $<35k annually. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

71%
<35k
26%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

15%
Single, No Kids
21%
Single, with Kids
21%
Married, No Kids
43%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

22%
<11 yrs old
15%
12-17 yrs old
26%
18-34 yrs old
31%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Extreme SportsExtreme Sports
  • MotocrossMotocross

Where do the neighbors shop?

  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • GameStopGameStop

Where do the neighbors go to eat?

  • SonicSonic
  • Little CaesarsLittle Caesars
  • Bob EvansBob Evans

What do the neighbors drive?

  • OldsmobileOldsmobile
  • ChevroletChevrolet
  • JeepJeep

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • CountryCountry
  • OldiesOldies
All data provided by Home Junction and Claritas

Frequently asked questions

About 5007 E US Highway 83

This home is located at 5007 E US Highway 83 in Rio Grande City, TX and zip code 78582. This 26,770 square foot home, which was built in 2005, sits on a 0.91 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 2, 2024 and is currently priced at $1,800,000.

From Rocket Homes Real Estate and based on county public records data.

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