1100 Cedar Ave Mcallen, TX 78501-9392

This exceptional multifamily investment property, located at 1100 E Cedar Avenue in McAllen, Texas, presents a compelling opportunity for discerning investors. The property consists of a 20-unit apartment complex spread across five buildings, situated on a substantial 42,688.8 square foot lot. Built in phases, with 12 units completed in 2018 and 8 units in 2021, the property boasts a modern construction and design. The asking price is $1,900,000. This prime location offers unparalleled convenience, with easy access to Expressway 83, placing residents within close proximity to a wide array of amenities including shopping centers, restaurants, hospitals, and grocery stores. Currently, all 20 units are fully occupied, demonstrating strong rental demand and potential for significant return on investment. The property's recent construction and high occupancy rate make it an attractive prospect for investors seeking a stable and profitable addition to their portfolio. The property is classified as a multifamily apartment building and is situated in Hidalgo County, Texas, zip code 78501. This turnkey investment offers immediate cash flow and significant upside potential in a thriving Texas market. Detailed financial information is available upon request.