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2525 Erie Ave McAllen, TX 78501

For Sale
$180,000

Three-unit fixer-upper, great location.

Description

Added:
Dec 11, 2024
Days on Market:
363
This 3-unit apartment building, located at 2525 Erie Avenue in McAllen, Texas, presents a compelling investment opportunity. Built in 1991, the property sits on a 7,000 square foot lot and comprises a single building. Each of the three units features two bedrooms and one bathroom, offering a solid foundation for rental income. The property is described as a fixer-upper, presenting potential for value enhancement through renovations and upgrades. Its convenient location near the intersection of 23rd and Expressway 83 in Hidalgo County, zip code 78501, offers easy access to major transportation routes and local amenities. The asking price is $180,000. Each unit also includes a small backyard area. This property is ideal for investors seeking a multifamily project with potential for significant return on investment. The property's location and unit configuration make it an attractive option for both long-term rental and potential short-term rental strategies. The existing structure provides a solid base for future improvements and customization.

Property Features for 2525 Erie Ave

General Information

Property type
Multifamily properties

Building Details

Year Built
1991
Buildings
1
Units
3

HighLights

  • Three‑unit apartment building in McAllen, TX.
  • Located on a 7,000 sq ft lot at 2525 Erie Avenue.
  • Built in 1991, each unit features two bedrooms and one bathroom.
  • Fixer‑upper with value‑add potential.
  • Convenient location near Expressway 83; asking price $180,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Small apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
McAllen
County
Hidalgo
State
Texas
Longitude
-98.2491172
Latitude
26.2012362

FAQs

What type of property is this?
Multifamily property - Three-unit fixer-upper, great location.
Where is this multifamily property located?
The property is located at 2525 Erie Ave McAllen, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Three-unit apartment building in McAllen, TX.; Located on a 7,000 sq ft lot at 2525 Erie Avenue.; Built in 1991, each unit features two bedrooms and one bathroom.
More about this property
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