1412 Keeton Ave McAllen, TX 78503

Property Details for 1412 Keeton Ave

Year built

2010

Property type

Commercial real estate

Description

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.