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Listed by Key Realty

$547,500

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4,216 SqFt

New

1316 E Hibiscus AVE Mcallen, TX 78501

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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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 Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,216 sqft

Subdivision Park Terrace

MLS Listing ID 483846

HOA Fees $500/ann

HOA Y/N Yes

Year Built 2023

Annual Tax Amount $11,468

Tax Year 2025

Lot Size 10,250 Sqft

Acres 0.2353

Property Sub-Type Quadruplex

Source Greater McAllen

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

Interior Features Built-in Features, Ceiling Fan(s), Crown/Cove Molding, Decorative/High Ceilings, Dryer, Microwave, Washer

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Equipment 2-10 Year Warranty

Appliance Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer

Laundry Laundry Closet

Exterior

Carport Spaces 8

Fence Privacy, Wood

Community Features Curbs, Gated, Sidewalks, Street Lights

Utilities Available Cable Available

View Y/N No

Roof Type Composition Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Curb & Gutters, Professional Landscaping, Sidewalks

Faces From Nolana and Jackson. Head South on Jackson, turn right on Jonquil Ave. New Subdivision is on the left side. The property is located on Hibiscus which is the South side of the property when entering from Jonquil.

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.

Others

Tax ID P375800000000600

Security Features Smoke Detector(s)

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Franklin Torres

Broker Associate | License ID: 718047

+1(210) 278-6698

1316 E Hibiscus AVE Mcallen, TX 78501

Franklin Torres

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1316 E Hibiscus AVE