505 N 12th ST Active Save Request In-Person Tour Request Virtual Tour
Mcallen,TX 78501
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,841 sqft
Price per Sqft $80
Subdivision North Mcallen
MLS Listing ID 446232
HOA Y/N No
Originating Board Greater McAllen
Year Built 1976
Annual Tax Amount $7,010
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
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
Community Sidewalks,Street Lights
Rooms
Other Rooms Laundry Facility,Storage
Interior
Interior Features Ceiling Fan(s)
Heating Central,Electric
Cooling Central Air,Electric,Wall Unit(s)
Flooring Hardwood
Appliance Electric Water Heater,Refrigerator,Stove/Range-Electric Coil
Laundry Laundry Room
Exterior
Carport Spaces 3
Fence Chain Link
Community Features Sidewalks,Street Lights
Waterfront No
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Corner Lot,Sidewalks
Faces Beginning at Business 83 and 12th Street, McAllen-Head North on 12th St. for 5 blocks. Property is on the corner of 12th St. and Ebony Ave.
Story 2
Foundation Pillar/Post/Pier
Sewer City Sewer
Water Public
Structure Type Brick,Frame/Wood
New Construction No
Schools
Elementary Schools Wilson
Middle Schools Travis
High Schools Mcallen H.S.
Others
Tax ID N540000019000500