Residential Income Property with Central
For Sale
$550,000
5601 Ozark Ave, McAllen, TX 78504
Completed in 2023 with central electric air conditioning and a McAllen address.
Property Size4,100 SF
Price / SF$134.15
Days on Market95
Property Features for 5601 Ozark Ave
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Multi-Family
Building Details
Year Built
2023
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License #TREC#0755547
(956) 607-8299
Source:
Aregtx
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 7 at 1:06PM
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 Imperio Real Estate LLC
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Investment Insights
Based on property information with market context.
This residential income property was completed in 2023 and includes central air with electric, central service. The property is located at 5601 Ozark Avenue in McAllen, Texas, within Hidalgo County.
Access is described from Shary Road, with the subdivision positioned on the right between mile 5 and mile 6. The available information identifies the property as a residential income asset and does not specify unit count, building size, or additional improvements.
Access is described from Shary Road, with the subdivision positioned on the right between mile 5 and mile 6. The available information identifies the property as a residential income asset and does not specify unit count, building size, or additional improvements.
Key Highlights
- 2023 construction
- Central air conditioning
- Electric, central service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,047
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,940
$680.9K
Cap Rate 7%
$486,386
$486.4K
Cap Rate 9%
$378,300
$378.3K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$66.4K $16.20/SF
− Vacancy
−$4.5K −$1.10/SF
EGI
$61.9K $15.10/SF
− OpEx
−$27.9K −$6.79/SF
NOI
$34.0K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,940
Cap Rate 7%
$486,386
Cap Rate 9%
$378,300
Alternative Uses
Best Use
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,047 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$974.2K – $1.30M
NOI $77,933 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Completed in 2023 with central electric air conditioning and a McAllen address.
Where is this residential income property located?
The property is located at 5601 Ozark Ave McAllen, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2023 construction; Central air conditioning; Electric, central service
