1604 Avocet Ave McAllen, TX 78504
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.