505 N 12th St - Apartments FOR SALE


McAllen, TX 78501- Downtown McAllen
$298,000 USD
956-631-1322
505 N 12th St, McAllen, TX for Sale
$298,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

505 N 12th St
McAllen, TX 78501
Downtown McAllen


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$298,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

4

PRICE/UNIT

$74,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,930 SF

ZONING

commercial

APN/PARCEL ID

N5400-00-019-0005-00

ASK ABOUT THIS PROPERTY

Marsha AcostaColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

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Marsha AcostaColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

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