1425 E Iris AVE, Mcallen, TX 78501
Listed by Keller Williams Realty RGV
$510,000
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4,320 SqFt
Active

1425 E Iris AVE Mcallen, TX 78501

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Franklin Torres

Franklin Torres

+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 4,320 sqft

Subdivision Park Terrace

MLS Listing ID 506697

HOA Fees $500/ann

HOA Y/N Yes

Year Built 2023

Annual Tax Amount $15,118

Tax Year 2025

Lot Size 9,091 Sqft

Acres 0.2087

Property Sub-Type Quadruplex

Source Greater McAllen

Property Description

Prime investment opportunity, this fully occupied fourplex offers exceptional convenience just minutes from DHR, the medical district, dining, and retail destinations. Nestled in the Park Terrace subdivision at the southwest corner of Jackson Road and Jonquil Avenue, the property boasts a striking mid-century modern aesthetic. The property consists of two buildings with a total of four units, featuring a balanced mix of one 2-bedroom, 2-bathroom unit and one 1-bedroom, 1-bathroom unit in each building. A great opportunity to own a well-maintained, fully leased property in a premier location.

Location

State TX

County Hidalgo

Community Gated, Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s), Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile

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

Laundry Laundry Area, Washer/Dryer Connection

Exterior

Exterior Feature None

Carport Spaces 8

Fence Wood

Community Features Gated, Sidewalks, Street Lights

View Y/N No

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Irregular Lot

Faces From 495/Ferguson Ave head north on Jackson Rd, turn left onto Jonquil Ave. Park Terrace subdivision will be on the left hand side.

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 P375800000004500

Security Features Smoke Detector(s)

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Franklin Torres

Franklin Torres

Broker Associate License ID: 718047

+1(210) 278-6698

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1425 E Iris AVE

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