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    3305 Frio Ave McAllen, TX 78504

    For Sale
    $540,000

    Brand new 4-unit apartment building in McAllen, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a newly constructed fourplex located at 3305 Frio Avenue in McAllen, Texas, zip code 78504. Built in 2022, this property sits on a generous 9,557.935 square foot lot and comprises two separate buildings. The four units are ideally configured as two two-bedroom, two-bathroom units and two three-bedroom, two-bathroom units, catering to a diverse range of tenants. High-quality finishes are evident throughout, including attractive tile flooring and granite countertops. Central air conditioning ensures year-round comfort for residents. The property's location in McAllen, Hidalgo County, offers excellent access to local amenities and services. The asking price for this turnkey multifamily investment is $540,000. This represents a compelling opportunity for investors seeking a well-maintained, recently constructed property in a thriving Texas market. The property's modern design and desirable features are expected to attract and retain high-quality tenants, contributing to strong rental income and a positive return on investment. This is a rare chance to acquire a well-positioned, income-generating asset in a rapidly growing area.

    Property Features for 3305 Frio Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Newly constructed fourplex in McAllen, TX (78504).
    • Built in 2022 on a 9,557 sq ft lot; comprises two buildings.
    • Four units: two 2/2s and two 3/2s.
    • High‑end finishes including tile flooring and granite countertops.
    • Central AC.
    • Asking price: $540,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.241579
    Latitude
    26.306898

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    FAQs

    What type of property is this?
    Multifamily property - Brand new 4-unit apartment building in McAllen, TX.
    Where is this multifamily property located?
    The property is located at 3305 Frio Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Newly constructed fourplex in McAllen, TX (78504).; Built in 2022 on a 9,557 sq ft lot; comprises two buildings.; Four units: two 2/2s and two 3/2s.
    Request Owner's contact information
    3305 Frio Ave McAllen, TX 78504
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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
    3305 Frio Ave McAllen, TX 78504
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