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    603 Bicentennial Blvd McAllen, TX 78501

    For Sale
    $259,900

    Two-unit duplex, excellent location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a two-unit duplex located at 603 S Bicentennial Boulevard, McAllen, Texas, 78501. The property, built in 1970, sits on a sizable 7,000 square foot lot and comprises two separate buildings. One unit boasts three bedrooms and one bathroom, while the other offers two bedrooms and one bathroom. Tenants are responsible for their own water and electricity. The property's true value lies in its strategic location. The lot is exceptionally well-situated, with a commercially zoned property directly to the north and a multi-family apartment complex to the south. This prime location offers significant potential for future development or redevelopment, making it an attractive investment for those seeking a high-return property in a rapidly growing area. The asking price for this property is $259,900. The existing structures, while older, provide immediate rental income while the land presents significant long-term upside. This is a rare opportunity to acquire a property with substantial potential in a desirable McAllen location.

    Property Features for 603 Bicentennial Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1970
    Buildings
    2
    Units
    2

    HighLights

    • $259,900 asking price.
    • Multifamily property with two units.
    • Two buildings on a 7,000 sq ft lot.
    • Built in 1970.
    • Located at 603 S Bicentennial Boulevard, McAllen, TX 78501.
    • Tenants pay water and electric.
    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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2395686
    Latitude
    26.1989069

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, excellent location, high potential.
    Where is this multifamily property located?
    The property is located at 603 Bicentennial Blvd McAllen, TX.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: $259,900 asking price.; Multifamily property with two units.; Two buildings on a 7,000 sq ft lot.
    Request Owner's contact information
    603 Bicentennial Blvd 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
    603 Bicentennial Blvd McAllen, TX 78501
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