Multi-Family Apartment
For Sale
Contact for pricing
713 Toronto Ave, McAllen, TX 78503
Forty-six one-bedroom, one-bath units across two parcels with utility structure where owner covers water and garbage.
Property SizeContact for details
Days on Market131
Property Features for 713 Toronto Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
46
Listing Agency:
SVN | Hanna Solutions Commerical Real Estate
Listed By:
Mark Hanna · License #9007459
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 8:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Hanna Solutions Commerical Real Estate
Investment Insights
Based on property information with market context.
This multi-family apartment building features 46 units, all configured as one bedroom and one bathroom. The property sits on two separate parcels and could be split and sold as an 18-unit and a 28-unit offering. The owner has made continuous improvements over the last couple of years, and has increased rents by $5,000 per month over the last year.
From an operating standpoint, the owner currently pays for water and garbage, while tenants pay electricity. The utility charges can be passed back to tenants, which may strengthen income performance. The seller is retiring and disposing of his multifamily assets, and is willing to negotiate owner financing terms for a qualified buyer.
All units are 1 bed / 1 bath, supported by ongoing property improvements and an existing rent and utility model that can be refined by the next owner.
From an operating standpoint, the owner currently pays for water and garbage, while tenants pay electricity. The utility charges can be passed back to tenants, which may strengthen income performance. The seller is retiring and disposing of his multifamily assets, and is willing to negotiate owner financing terms for a qualified buyer.
All units are 1 bed / 1 bath, supported by ongoing property improvements and an existing rent and utility model that can be refined by the next owner.
Key Highlights
- 46 one‑bedroom, one‑bath units across two separate parcels
- Property could be split and sold as 18 units and 28 units
- Owner increased rents by $5,000 per month over the last year, with room for further rent growth
Property Analytics
Current Use
Lease Details
46
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Forty-six one-bedroom, one-bath units across two parcels with utility structure where owner covers water and garbage.
Where is this apartment building located?
The property is located at 713 Toronto Ave McAllen, TX.
What are key features of this property?
This property features: 46 one‑bedroom, one‑bath units across two separate parcels; Property could be split and sold as 18 units and 28 units; Owner increased rents by $5,000 per month over the last year, with room for further rent growth
