6720 N 23rd ST, Mcallen, TX 78504
6720 N 23rd ST, Mcallen, TX 78504
6720 N 23rd ST, Mcallen, TX 78504
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Listed by Vela Commercial Real Estate
$1,800,000
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16,068 SqFt
Active

6720 N 23rd ST Mcallen, TX 78504

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Franklin Torres

Franklin Torres

+1(210) 278-6698

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 16,068 sqft

Subdivision Redbud #2

MLS Listing ID 515820

HOA Y/N No

Year Built 1980

Annual Tax Amount $24,200

Tax Year 2026

Lot Size 0.527 Acres

Acres 0.5269

Property Sub-Type Apartment

Source Greater McAllen

Property Description

Investment opportunity featuring a 16-unit multifamily asset with strong existing income and additional upside potential. The property consists of fifteen 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. Six remodeled units lease for $985+ per month, nine units lease for $900+, and the 1-bedroom unit leases for $725. Reported gross rental income is $14,755 per month, or $177,060 annually, excluding laundromat revenue. Tenants pay their own electricity, while ownership covers water. Recent capital improvements include new asphalt, siding, roofs on both buildings, and fresh exterior paint, reducing near-term capital exposure. A newly remodeled on-site laundromat provides tenant convenience and an additional income stream. This income-producing asset offers immediate cash flow with further upside through continued interior renovations, rental growth, and ancillary income.

Location

State TX

County Hidalgo

Community Sidewalks, Street Lights

Rooms

Other Rooms Laundry Facility

Interior

Interior Features Ceiling Fan(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Laminate, Vinyl

Appliance Electric Water Heater, Refrigerator, Stove/Range-Electric Coil

Laundry Laundry Room

Exterior

Exterior Feature None

Fence Partial, Wood

Community Features Sidewalks, Street Lights

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Curb & Gutters, Sidewalks

Faces South on 23rd from Trenton. Property is on your left before hitting Oriole.

Story 2

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Brick,Siding

New Construction No

Schools

Elementary Schools Garza

Middle Schools Fossum

High Schools Rowe H.S.

Others

Tax ID R14000200000010C

NEARBY SCHOOL & BUSINESS

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Franklin Torres

Franklin Torres

Broker Associate License ID: 718047

+1(210) 278-6698

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6720 N 23rd ST

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