Home For Sale In Rio Hondo, Texas

house for sale

Listed: 05/23/24

393 Ebony Avenue, Rio Hondo, Cameron County, TX 78583, USA

Studio Bed:

8,753 Sq Ft Living Area:

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Price

$ 650,000

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About This House

Fantastic opportunity for a cash flowing multifamily property located in Rio Hondo TX. This property has 5 income producing buildings-4 freestanding homes and 1 five-plex. The five-plex has two units that have been recently remodeled. The brown house was built in 1992 and has1312 SFLiving. The front house is a 3 bd/2 bth home built in 1980 with 1056 s.f. The middle house is a 3 bd/2 bth home with 1536 s.f., built in 1980. The back house is a 3 bd/1 bth home with 1073 s.f. built in 1970. The 5-plex on the property is3, 776s.f. built in 1990 and is made up of three units down stairs and two units upstairs. Each Building has its own septic system.

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Houses for sale in Rio Hondo

Original listing

Rio Hondo Housing & Living

Household Income

Median household income: $36,696

Number of households: 938

The average household income in Rio Hondo, TX declined from $37,243 to $36,696 in the past year. This data is an estimate based upon 938 households in Rio Hondo, TX.
The chart below presents how household income is distributed in Rio Hondo, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rio Hondo, TX compared to median property taxes around the country. The prevalent amount of property taxes in Rio Hondo, TX equals <$800 , which is less than the national average.