Property profile

1312 Beech Ave Mcallen, TX 78501

OFF-MARKET
Apartment buildings
Property ID
US82-3117089
1,458 SF 0.17 ac lot Built 1990
Entity Owned 6-yr Hold Absentee Owner
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Property summary

AI-generated overview

This exceptional multifamily investment opportunity presents an 11-unit apartment building situated on a 7,501.032 square foot lot in the desirable McAllen, Texas, 78501 zip code. The property, located at 1312 Beech Avenue, comprises two buildings constructed in 1990. This well-maintained property offers a strong potential for immediate cash flow and long-term appreciation. The convenient location provides residents with easy access to a variety of amenities, including dining, shopping, and entertainment venues. The property's affordability makes it an attractive option for renters, ensuring high occupancy rates. With 11 units, this property offers a diversified income stream and significant potential for future growth. The asking price is $580,000, representing a compelling investment opportunity in the thriving McAllen market. This property is classified as a Multifamily, specifically an Apartment Building, Duplex/Triplex/Quadruplex. The property's strong location and solid construction make it an ideal addition to any investor's portfolio. This is a turnkey opportunity to acquire a well-maintained, income-producing asset in a high-demand area. The property's size and unit count offer significant scalability and potential for future value appreciation. Serious inquiries are encouraged.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1990
Total area 1,458 SF
Lot 0.17 ac (7,501 SF)
APN N5400-00-045-0010-00
UPID US82-3117089

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1312 Beech Ave Mcallen, TX 78501-5195
Mcallen metro Census 21100 MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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