1100 Cedar Ave Mcallen, TX 78501-9392
Property profile & analytics
1100 Cedar Ave Mcallen, TX 78501-9392
- Apartment buildings
- 11,344 SF
- 0.98 lot acres
Property ID
US83-0521286
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1100 Cedar Ave
- Year built
- 2016
- Lot size
- 0.98 lot acres
- Property size
- 11,344 SF
- Property type
- Apartment buildings
- APN
- E3934-00-000-0001-00
- APU
- E393400000000100
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $796,000
Market price range: $497k - $796k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $630,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $620,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2088
- Latitude
- 26.2025
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,856
$234,790
$1,308,030
$1,542,820
-
$234,790
$1,308,030
$1,542,820
