2501 Hibiscus Ave - Apartments FOR SALE


McAllen, TX 78501- Downtown McAllen
$3,200,000 USD
956-246-2563
2501 Hibiscus Ave, McAllen, TX for Sale
$3,200,000 USD
Apartments - FOR SALE
1/50
null | 7.32% Cap Rate

2501 Hibiscus Ave
McAllen, TX 78501
Downtown McAllen


OVERVIEW

Welcome to Paseo Del Sol apartment complex! Premier investment opportunity in the center of McAllen. This well-maintained 32-unit, two-story apartment community offers durable full-brick construction and paved covered parking encircling the property for added convenience and longevity. Each residence features a desirable 2-bedroom, 1-bathroom layout, consistently attracting long-term tenants and supporting strong operational performance. Currently 97% occupied, the asset reflects exceptional rental demand and a proven history of minimal vacancy. Its prime location places residents minutes from McAllen’s major retail corridors, entertainment districts, medical facilities, and key employment hubs further enhancing stability and future appreciation potential. With opportunities for rent optimization or interior value-add improvements, this property presents a compelling addition to a growing multifamily portfolio in one of South Texas’ most resilient markets.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

32

PRICE/UNIT

$100,000

CAP RATE

7.32%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paseo Del Sol

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,200 SF

ZONING

Multi Family

APN/PARCEL ID

G7000-02-000-0015-00

ASK ABOUT THIS PROPERTY

Allen LozanoBIG RealtyMore Info
956-246-2563

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Allen LozanoBIG RealtyMore Info
956-246-2563

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.