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Property profile & analytics
OFF-MARKET
Small apartment buildings

1604 Avocet Ave McAllen, TX 78504

Built 1989
Property ID
US82-5441459
Property summary
AI-generated overview

This well-maintained four-unit apartment building is situated in a desirable north McAllen neighborhood, offering a rare opportunity for investors. Built in 1989, the property comprises two buildings situated on a spacious 11,548 square foot lot. The property features four units, each boasting two split bedrooms, two bathrooms, and a fully equipped kitchen including a stove, dishwasher, and refrigerator. Each unit also includes a laundry room with washer and dryer connections (one unit features a large laundry closet in the hallway). Residents enjoy the convenience of two dedicated carport spaces per unit and a private courtyard. The property's prime location offers easy access to numerous amenities, including Bill Schuppe Park, the Bicentennial bike riding and jogging trail, and Gold's Gym, all within walking distance. Furthermore, major shopping plazas are just blocks away. The asking price for this exceptional investment property is $520,000. This property presents a strong potential for rental income due to its desirable location and low vacancy rates. The property's size and features make it an attractive option for both seasoned and new investors seeking a stable and profitable investment in the thriving McAllen, Texas market. The address is 1604 Avocet Avenue, McAllen, TX 78504.

Property profile
Verified
Property type Small apartment buildings
Year built 1989
UPID US82-5441459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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