505 12th St. Pending Save Request In-Person Tour Request Virtual Tour
Mcallen,TX 78501
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,841 sqft
Price per Sqft $71
Subdivision North Mcallen
MLS Listing ID 29755608
Year Built 1976
Lot Size 0.330 Acres
Property Sub-Type Multi Family
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
Area 3841
Interior
Appliance Electric Water Heater,Refrigerator
Laundry Common Area
Exterior
Parking Features 4 or More Car Garage,Attached,Carport,On Street
Garage Spaces 6.0
Garage Yes
Building
Lot Description Corner Lot,Sidewalks
Story Two
Foundation Combination
Sewer Public Sewer
Water Public
Schools
Elementary Schools Wilson
Middle Schools Travis
High Schools Mcallen
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://tour.usamls.net/505-N-12Th-St-Mcallen-TX-78501/unbranded