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    1100 Cedar Ave McAllen, TX 78501

    For Sale
    $1,900,000

    20-Unit Apartment Complex, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional multifamily investment property, located at 1100 E Cedar Avenue in McAllen, Texas, presents a compelling opportunity for discerning investors. The property consists of a 20-unit apartment complex spread across five buildings, situated on a substantial 42,688.8 square foot lot. Built in phases, with 12 units completed in 2018 and 8 units in 2021, the property boasts a modern construction and design. The asking price is $1,900,000. This prime location offers unparalleled convenience, with easy access to Expressway 83, placing residents within close proximity to a wide array of amenities including shopping centers, restaurants, hospitals, and grocery stores. Currently, all 20 units are fully occupied, demonstrating strong rental demand and potential for significant return on investment. The property's recent construction and high occupancy rate make it an attractive prospect for investors seeking a stable and profitable addition to their portfolio. The property is classified as a multifamily apartment building and is situated in Hidalgo County, Texas, zip code 78501. This turnkey investment offers immediate cash flow and significant upside potential in a thriving Texas market. Detailed financial information is available upon request.

    Property Features for 1100 Cedar Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2016
    Buildings
    5
    Units
    20

    HighLights

    • 20‑unit multifamily apartment complex in McAllen, TX.
    • Situated on a 42,688.8 sq ft lot with five buildings.
    • Modern construction, built in phases (12 units in 2018, 8 units in 2021).
    • Asking price: $1,900,000.
    • Prime location near Expressway 83 with excellent access to amenities.
    • 100% occupancy, generating strong cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2086847
    Latitude
    26.2026024

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Apartment Complex, High Occupancy
    Where is this multifamily property located?
    The property is located at 1100 Cedar Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 20-unit multifamily apartment complex in McAllen, TX.; Situated on a 42,688.8 sq ft lot with five buildings.; Modern construction, built in phases (12 units in 2018, 8 units in 2021).
    Request Owner's contact information
    1100 Cedar Ave 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
    1100 Cedar Ave McAllen, TX 78501
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