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    2113 Dallas Ave McAllen, TX 78501

    For Sale
    $295,000

    High-yield, fully leased 3-unit apartment building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fully leased three-unit apartment building situated at 2113 Dallas Avenue in McAllen, Texas, 78501. Built in 1978, the property sits on a sizable 7,000 square foot lot and offers a compelling return on investment. The three spacious units are currently generating consistent rental income, making this a truly turnkey asset. Its prime location offers easy access to downtown McAllen, providing residents with convenient proximity to a vibrant array of shopping, dining, and entertainment options. The property's strong rental history and high occupancy rate underscore its potential for continued growth and profitability. This is an ideal addition to any investor's portfolio, offering a blend of immediate income and long-term appreciation potential. The property consists of one building with three units, presenting a manageable and efficient investment. The property's location in Hidalgo County, Texas, provides access to a growing market with strong rental demand. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Don't miss this chance to secure a valuable asset in a thriving Texas market.

    Property Features for 2113 Dallas Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1978
    Buildings
    1
    Units
    3

    HighLights

    • $295,000 asking price.
    • Three‑unit multifamily apartment building.
    • Located at 2113 Dallas Avenue, McAllen, TX 78501.
    • Built in 1978.
    • 7,000 square foot lot.
    • Currently fully leased, providing consistent rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Food Market Gym & Fitness Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.243099
    Latitude
    26.201349

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    FAQs

    What type of property is this?
    Multifamily property - High-yield, fully leased 3-unit apartment building.
    Where is this multifamily property located?
    The property is located at 2113 Dallas Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: $295,000 asking price.; Three-unit multifamily apartment building.; Located at 2113 Dallas Avenue, McAllen, TX 78501.
    Request Owner's contact information
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    McAllen, TX 78501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2113 Dallas Ave McAllen, TX 78501
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