712 Toronto Ave McAllen, TX 78503
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 712 Toronto Ave
- Year built
- 1980
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 8-unit apartment building, located at 712 W Toronto Avenue in McAllen, Texas, presents a compelling investment opportunity. Built in 1980, this single-building property sits on a 649.044 square foot lot and boasts a prime location just a short distance from the renowned La Plaza Mall, a major shopping center in the Rio Grande Valley encompassing over 1,300,000 square feet of retail space. Each of the eight units features two bedrooms and two bathrooms, and have undergone extensive renovations. Upgrades include new windows, door hardware, cabinets, countertops, tile flooring, recessed lighting, trim, and ceiling fans throughout. This turnkey property offers immediate income potential and is priced at $850,000. Seller financing is available, making this an attractive option for investors seeking a strong return on investment in a thriving market. The property's proximity to a major shopping destination ensures high occupancy rates and consistent rental income. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's strong rental history and recent renovations make it an ideal investment for both seasoned and new investors. The 78503 zip code offers a vibrant community and convenient access to local amenities. Don't miss this chance to secure a profitable investment in the heart of McAllen.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2304
- Latitude
- 26.1849
