Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11112 29Th St McAllen, TX 78504

    For Sale
    $600,000

    High-Yield Multifamily Investment in Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10-unit apartment complex presents a compelling investment opportunity in McAllen, Texas. Located at 11112 N 29th Street, this property boasts two buildings situated on a sizable 0.59-acre lot (25,766.176 sq ft). Constructed in 1975, the complex comprises a mix of unit types to cater to diverse renter needs. Seven units offer two bedrooms and one bathroom each, providing comfortable living spaces. One unit features one bedroom and one bathroom, while two additional units are efficiently designed efficiencies, each including a kitchenette. All ten units are currently occupied, generating immediate rental income. The property is conveniently located in North McAllen within the desirable Sharyland School District, offering easy access to the University of Texas Rio Grande Valley (UTRGV), just a five-minute drive away. The asking price for this turnkey investment is $600,000, and owner financing is available. This property represents a strong potential for both immediate returns and long-term appreciation in a thriving Texas market. The property's size and unit diversity make it an attractive option for investors seeking a stable and profitable multifamily asset. Serious inquiries are encouraged.

    Property Features for 11112 29Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1975
    Buildings
    2
    Units
    10
    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 Clothing Store Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2351472
    Latitude
    26.3068187

    Nearby Similar for Sale

    • $460,000
      3,024 SF

      Modern Triplex: Investment Opportunity

      Well-maintained triplex built in 2023 with immediate rental income.
      2208 Galveston Ave, McAllen, TX 78501
      View Details
    • $1,025,000
      8,493 SF

      Multi-Suite Commercial Property in McAllen

      High-visibility commercial property with warehouse space and income potential.
      1101 E Dallas Ave, McAllen, TX 78501
      View Details
    • $800,000
      4,963 SF

      McAllen Office Building For Sale

      Freestanding office building in North McAllen with two units.
      6316 N 10Th St, McAllen, TX 78504
      View Details
    • $949,000
      Pending

      Finished Office Space Near Nolana

      Spacious, high-end office ideal for legal or professional practices.
      1305 E Nolana Ave, McAllen, TX 78504
      View Details
    • $2,900,000
      7,890 SF

      Profitable Auto Shop on Trenton

      Fully operational oil and lube business on high-traffic Trenton Road.
      2600 Trenton Rd, McAllen, TX 78504
      View Details
    • $379,000
      2,349 SF

      McAllen Duplex Built in 2016

      Well-maintained duplex in McAllen, TX, with modern amenities and tenant occupancy.
      308 N 17Th St, McAllen, TX 78501
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-Yield Multifamily Investment in Texas
    Where is this multifamily property located?
    The property is located at 11112 29Th St McAllen, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    Request Owner's contact information
    11112 29Th St McAllen, TX 78504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11112 29Th St
    McAllen, TX 78504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11112 29Th St McAllen, TX 78504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.