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Listed by Coldwell Banker La Mansion Real Estate

$275,000

Est. payment - /mo

3,841 SqFt

Pending

505 12th St. Mcallen, TX 78501

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Franklin Torres

frank@youragentsa.com +1(210) 278-6698

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,841 sqft

Price per Sqft $71

Subdivision North Mcallen

MLS Listing ID 29755608

Year Built 1976

Lot Size 0.330 Acres

Property Sub-Type Multi Family

Property Description

Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.

Location

State TX

County Hidalgo

Area 3841

Interior

Appliance Electric Water Heater, Refrigerator

Laundry Common Area

Exterior

Parking Features 4 or More Car Garage, Attached, Carport, On Street

Garage Spaces 6.0

Garage Yes

Building

Lot Description Corner Lot, Sidewalks

Story Two

Foundation Combination

Sewer Public Sewer

Water Public

Schools

Elementary Schools Wilson

Middle Schools Travis

High Schools Mcallen

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Franklin Torres

Broker Associate | License ID: 718047

+1(210) 278-6698

505 12th St. Mcallen, TX 78501

Franklin Torres

Key Details

Location

Interior

Exterior

Building

Schools

Others

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505 12th St.