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    412 49Th St McAllen, TX 78501

    For Sale
    $495,000

    Four-unit apartment building, excellent rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a well-maintained four-unit apartment building situated at 412 S 49th Street, McAllen, Texas, 78501. Built in 2007, this property boasts a substantial 9,009.95 square foot lot and comprises a single building housing four individual units. Each unit is thoughtfully designed with two bedrooms and two bathrooms, catering to the needs of families and professionals alike. The property's location within the highly-rated Sharyland Independent School District adds significant appeal to potential tenants. The asking price for this turnkey investment is $495,000. This multifamily property offers a compelling opportunity for investors seeking strong rental returns in a desirable McAllen neighborhood. The property's solid construction and well-maintained condition promise minimal upkeep and maximum return on investment. Its strategic location within the thriving McAllen market ensures consistent tenant demand and long-term value appreciation. This is an ideal opportunity to acquire a stable and profitable rental property in a rapidly growing Texas market. The property is zoned for the Sharyland Independent School District.

    Property Features for 412 49Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2007
    Buildings
    1
    Units
    4
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2760304
    Latitude
    26.205543

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent rental income.
    Where is this multifamily property located?
    The property is located at 412 49Th St McAllen, TX.
    What is the asking price?
    The asking price for this property is $495,000.
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    412 49Th 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
    412 49Th St McAllen, TX 78501
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