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Listed by Marsha Acosta • Coldwell Banker La Mansion Real Estate
$ 330,000
Est. payment /mo
Active
505 N 12TH ST. Mcallen, TX 78501
0.33 Acres Lot
UPDATED:
08/12/2024 03:46 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex (2-10)
Listing Status Active
Purchase Type For Sale
Subdivision North Mcallen
MLS Listing ID 29755608
Year Built 1976
Lot Size 0.330 Acres
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 Mcallen
Interior
Interior Features Ceiling Fan(s)
Heating None
Flooring Other
Exterior
Exterior Feature Combination
Parking Features 4+ Car, Attached, Carport
Fence Chain Link
Community Features None
Building
Story Two
Foundation Combination
Sewer Public Sewer
Schools
Elementary Schools Wilson
Middle Schools Travis
High Schools Mcallen
School District Mcallen I.S.D.
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan