1101 Dove Ave McAllen, TX 78504

This exceptional 84-unit apartment building, Peppertree Apartments, presents a compelling investment opportunity in the thriving McAllen, Texas market. Built in 1980, this two-story property boasts a desirable 6.60% capitalization rate. Its prime location offers convenient access to major employment centers, including proximity to the University of Texas Rio Grande Valley (approximately fifteen minutes away) and South Texas College's Pecan Campus (approximately ten minutes away), ensuring a consistent pool of potential tenants. The property also benefits from its strategic position as a gateway to the medical district, attracting residents working in or seeking proximity to major healthcare facilities. Furthermore, the surrounding area provides convenient access to a wealth of retail and entertainment options. This property presents a significant value-add opportunity. Cosmetic renovations and operational improvements offer the potential to enhance rental income and significantly increase the property's overall value, maximizing returns for the new owner. The property is situated at 1101 Dove Ave W, McAllen, TX 78504.