1316 E Hibiscus AVE new Save Request In-Person Tour Request Virtual Tour
Mcallen,TX 78501
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,216 sqft
Price per Sqft $129
Subdivision Park Terrace
MLS Listing ID 483846
HOA Fees $41/ann
Year Built 2023
Annual Tax Amount $11,468
Tax Year 2025
Lot Size 10,250 Sqft
Property Sub-Type Quadruplex
Property Description
LIKE NEW Fully Leased & Cash-Flowing 4-Plex in Prime McAllen Location – Outstanding investment in the sought-after Park Terrace neighborhood, just south of Nolana and close to Jackson Rd. This income-generating property features four fully occupied units: two 2BD/2BA and two 3BD/2BA – an ideal mix for consistent rental demand. Each unit comes equipped with full appliances, including washer and dryer. Just minutes from Doctor's Hospital at Renaissance and Expressway 281, with easy access to shopping, dining, and entertainment. Whether you're looking to grow your portfolio or live in one unit while renting the rest, this is a rare opportunity to own a performing asset in one of McAllen's most desirable areas. Two units are currently month to month with long term tenants which means there is an opportunity for this to be an owner occupied investment option or for new owner to adjust rental prices if they see fit. All in all, this is a great opportunity you don't want to pass up.
Location
State TX
County Hidalgo
Community Curbs,Gated,Sidewalks,Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Tile
Equipment 2-10 Year Warranty
Laundry Laundry Closet
Exterior
Fence Privacy,Wood
Community Features Curbs,Gated,Sidewalks,Street Lights
Utilities Available Cable Available
View Y/N No
Roof Type Composition Shingle
Building
Lot Description Curb & Gutters,Professional Landscaping,Sidewalks
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Stucco
New Construction No
Schools
Elementary Schools Milam
Middle Schools Cathey
High Schools Memorial H.S.