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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

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.
More about this property
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