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    5800 Puffin Ave McAllen, TX 78504

    For Sale
    $549,500

    Four-unit apartment building, new construction.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, four-unit apartment building situated in a desirable gated community in McAllen, Texas. Constructed in 2022, this property boasts two buildings situated on a spacious 10,625.155 square foot lot. The property is ideally suited for investors seeking a turnkey multifamily asset in a thriving Texas market. The asking price is $549,500, representing a compelling entry point into the McAllen rental market. The property's location within a gated community offers residents enhanced security and peace of mind, contributing to higher occupancy rates and reduced tenant turnover. The recent construction ensures minimal maintenance needs and long-term value appreciation potential. With four individual units, this property provides a diversified income stream and the potential for significant returns on investment. The property's address is 5800 Puffin Avenue, McAllen, TX 78504, within Hidalgo County. This is a rare opportunity to acquire a high-quality, newly built multifamily property in a rapidly growing area. The property's modern design and prime location make it an attractive option for renters, ensuring strong demand and consistent rental income. Don't miss this chance to add a valuable asset to your investment portfolio.

    Property Features for 5800 Puffin Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • $549,500 asking price.
    • Multifamily property, specifically a four‑unit apartment building.
    • Two buildings on a 10,625.155 sq ft lot.
    • Built in 2022.
    • Located in a gated community in McAllen, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322355
    Latitude
    26.2892001

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, new construction.
    Where is this multifamily property located?
    The property is located at 5800 Puffin Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $549,500.
    What are key features of this property?
    This property features: $549,500 asking price.; Multifamily property, specifically a four-unit apartment building.; Two buildings on a 10,625.155 sq ft lot.
    Request Owner's contact information
    5800 Puffin Ave McAllen, TX 78504
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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
    5800 Puffin Ave McAllen, TX 78504
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