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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,580 sqft
Subdivision La Lomita Estates
MLS Listing ID 432008
Sold Date 06/13/24
HOA Y/N No
Originating Board Greater McAllen
Year Built 1989
Annual Tax Amount $4,761
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
Welcome to your next investment opportunity! This charming 4plex presents an excellent prospect for both seasoned and new investors. Located in a thriving area of McAllen less than 1 mile from STC and Nikki Rowe High school, this property offers 4 1-bedroom 1-bathroom units. Each unit provides comfortable living spaces and convenience. This property is situated in central McAllen & enjoys proximity to a range of amenities including shopping centers, restaurants, schools, and parks and provides tenants with a covered car port parking space. Refrigerators, stoves/ovens, washers and dryers convey with the sale. This cash flowing 4-plex is leasing three units to long term tenants for $655, $600, $550, and the 4th unit is being leased as a short term rental. This property presents an excellent income-generating opportunity since there is still room for greater cash flow based on comparable units nearby indicating these apartments can be rented at $750. Schedule a showing today!
Location
State TX
County Hidalgo
Community Curbs
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Microwave, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Oven-Single, Refrigerator, Stove/Range-Electric Smooth, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Mature Trees
Carport Spaces 1
Fence Wood
Community Features Curbs
Waterfront No
View Y/N No
Roof Type Shingle
Total Parking Spaces 1
Garage No
Building
Lot Description Mature Trees
Faces Turn East at the intersection on Ware Rd and Vine Ave. When you arrive at the stop sign on Vine Ave and 32nd St. Turn North (left). Turn right on 31st Lane and the property with be on the right hand side.
Story 1
Foundation Slab
Sewer City Sewer
Structure Type Brick
New Construction No
Schools
Elementary Schools Seguin
Middle Schools De Leon
High Schools Rowe H.S.
Others
Tax ID L132000000008300
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