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    1412 Keeton Ave McAllen, TX 78503

    For Sale
    $165,000

    1-Unit Apartment Building, Excellent Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity presents a 1-unit apartment building located at 1412 E Keeton Avenue, McAllen, Texas, 78503. The property, built in 2010, boasts a desirable location near grocery stores and restaurants, offering convenient access to local amenities. The building sits on a 3,013.045 square foot lot and comprises two structures. The single-story, 3-bedroom, 2-bathroom unit (Unit 15) is currently tenant-occupied under a month-to-month lease generating $1380 monthly income, with a potential market rent of $1500. The unit features a closed car garage. The property's attractive features include beautiful stucco exteriors, clay roof tiles, and a shared backyard space complete with a gazebo and an in-ground swimming pool. The property is professionally managed, and the current management company can continue managing the property for the new owner if desired. This property is priced at $165,000 and presents a strong potential for rental income growth. Note that this property does not qualify for FHA financing. This is a turnkey investment ready for immediate income generation. The property's newer construction (compared to similar units in the area) and desirable features make it an attractive option for investors seeking a stable and potentially appreciating asset in the McAllen, Texas market.

    Property Features for 1412 Keeton Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2010
    Buildings
    2
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2094599
    Latitude
    26.1746082

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    FAQs

    What type of property is this?
    Multifamily property - 1-Unit Apartment Building, Excellent Potential
    Where is this multifamily property located?
    The property is located at 1412 Keeton Ave McAllen, TX.
    What is the asking price?
    The asking price for this property is $165,000.
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    1412 Keeton Ave McAllen, TX 78503
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    McAllen, TX 78503
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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
    1412 Keeton Ave McAllen, TX 78503
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