Homes for sale - 409 E Mahl ST, Edinburg, TX 78539

See all 6 photos

6 photos

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.

In-PersonVirtual Tour

Andres De La Rosa

andres@homesforsalergv.com +1(956) 905-3640

Listed by Encore Fine Properties

$1,350,000

8,604 SqFt

Save

UPDATED:

06/07/2024 03:42 PM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,604 sqft

Subdivision Edinburg Original Townsite

MLS Listing ID 423363

HOA Y/N No

Originating Board Greater McAllen

Year Built 2008

Annual Tax Amount $16,062

Tax Year 2023

Lot Size 0.489 Acres

Acres 0.489

Property Description

"Too good of an area to be vacant" You are not just buying the property, you area also buying the RELIABILITY. A huge factor. YOUR MONEY STREAM AWAITS. FULLY LEASED 10 Unit commercial plaza downtown edinburg with PARKING LOT, 29 private parking spots. Walking distance to the new hidalgo county courthouse. Income producing property. Beautiful stucco building with pole sign, lights, roof signs, in an incredible location. Units range from 615 sqft and 1,200 sqft. Monthly rental income of $10,050 as Dec 2023, with an annual income of $117,300 and an NOI of $105,089.20. Minimal maintenance. Rents have room for increase, tenants have been consistent for years. This is a reliable income generating investment that will only continue to grow in equity and income. Especially being located in the heart of the fastest growing city in the McAllen-Edinburg-Mission metropolitan area: the fastest growing metropolitan area in Texas! You won't find a better long term commercial investment.

Location

State TX

County Hidalgo

Zoning CO

Interior

Heating Central

Cooling Central Air

Flooring Tile

Equipment Pole Sign, Roof Sign

Appliance Electric Water Heater

Exterior

Garage Spaces 29.0

Waterfront No

View Y/N No

Roof Type Composition Shingle

Total Parking Spaces 29

Garage Yes

Building

Lot Description Downtown, Office Complex

Faces From the intersection of University Drive and 14th Ave, head south past Cano St, plaza will be on the east side before passing Mahl St.

Story 1

Structure Type Stucco

New Construction No

Others

Tax ID E330000279001000

Read Less Info

GET MORE INFORMATION

Andres De La Rosa

+1(956) 905-3640

Broker | License ID: 680350

Broker License ID: 680350

409 E Mahl ST Edinburg, TX 78539

Andres De La Rosa

Andres De La Rosa

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION