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    525 20Th St McAllen, TX 78501

    For Sale
    $345,000

    High-yield McAllen apartment building, six units.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a six-unit apartment building located at 525 N 20th Street, McAllen, Texas, 78501. The property, built in 1976, sits on a 4,799.876 square foot lot and comprises a single building. The complex offers six individual apartment units, each featuring one bedroom and one bathroom. Recent upgrades significantly enhance the property's value and appeal to tenants. These improvements include new water heaters, new air conditioning units, new tile flooring, new toilets, and new sinks in each unit. Gas stoves are also included in each apartment. The property's location in the heart of McAllen offers convenient access to local amenities, businesses, and transportation routes. This multifamily property presents a strong potential for rental income and represents a compelling investment opportunity in the thriving McAllen market. The asking price for this turnkey investment is $345,000. The property's strong rental history and recent renovations make it an attractive option for investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

    Property Features for 525 20Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1976
    Buildings
    1
    Units
    6
    Property Profile 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
    -98.2397774
    Latitude
    26.2100968

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    FAQs

    What type of property is this?
    Multifamily property - High-yield McAllen apartment building, six units.
    Where is this multifamily property located?
    The property is located at 525 20Th St McAllen, TX.
    What is the asking price?
    The asking price for this property is $345,000.
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    525 20Th St McAllen, TX 78501
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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
    525 20Th St McAllen, TX 78501
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