603 Bicentennial Blvd McAllen, TX 78501
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 603 Bicentennial Blvd
- Year built
- 1970
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a two-unit duplex located at 603 S Bicentennial Boulevard, McAllen, Texas, 78501. The property, built in 1970, sits on a sizable 7,000 square foot lot and comprises two separate buildings. One unit boasts three bedrooms and one bathroom, while the other offers two bedrooms and one bathroom. Tenants are responsible for their own water and electricity. The property's true value lies in its strategic location. The lot is exceptionally well-situated, with a commercially zoned property directly to the north and a multi-family apartment complex to the south. This prime location offers significant potential for future development or redevelopment, making it an attractive investment for those seeking a high-return property in a rapidly growing area. The asking price for this property is $259,900. The existing structures, while older, provide immediate rental income while the land presents significant long-term upside. This is a rare opportunity to acquire a property with substantial potential in a desirable McAllen location.
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
- -98.2395686
- Latitude
- 26.1989069
