2525 Erie Ave McAllen, TX 78501
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2525 Erie Ave
- Year built
- 1991
- Property type
- Small apartment buildings
Description
This 3-unit apartment building, located at 2525 Erie Avenue in McAllen, Texas, presents a compelling investment opportunity. Built in 1991, the property sits on a 7,000 square foot lot and comprises a single building. Each of the three units features two bedrooms and one bathroom, offering a solid foundation for rental income. The property is described as a fixer-upper, presenting potential for value enhancement through renovations and upgrades. Its convenient location near the intersection of 23rd and Expressway 83 in Hidalgo County, zip code 78501, offers easy access to major transportation routes and local amenities. The asking price is $180,000. Each unit also includes a small backyard area. This property is ideal for investors seeking a multifamily project with potential for significant return on investment. The property's location and unit configuration make it an attractive option for both long-term rental and potential short-term rental strategies. The existing structure provides a solid base for future improvements and customization.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2491172
- Latitude
- 26.2012362
