505 N 12th ST Pending Save Request In-Person Tour Request Virtual Tour
Mcallen,TX 78501
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,841 sqft
Price per Sqft $71
Subdivision North Mcallen
MLS Listing ID 446232
Year Built 1976
Annual Tax Amount $7,010
Tax Year 2024
Lot Size 0.330 Acres
Property Sub-Type Quadruplex
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
Heating Central,Electric
Cooling Central Air,Electric,Wall Unit(s)
Flooring Hardwood
Laundry Laundry Room
Exterior
Fence Chain Link
Community Features Sidewalks,Street Lights
View Y/N No
Roof Type Composition Shingle
Building
Lot Description Corner Lot,Sidewalks
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.