2200 Kendlewood Ave McAllen, TX 78501
This exceptional multifamily investment property, located at 2200 Kendlewood Avenue in McAllen, Texas, presents a compelling opportunity for investors. The property consists of two buildings housing a total of five individual rental units, all currently leased, generating a consistent income stream. One unit stands out as a particularly high-income producer, significantly contributing to the overall profitability. Built in 1983, the property sits on a substantial 9,113.188 square foot lot, offering ample space. The property's prime McAllen location provides residents with convenient access to a variety of amenities, including shopping, dining, and local attractions, ensuring high occupancy rates and tenant satisfaction. The asking price for this turnkey investment is $298,000. This property is ideally suited for both experienced investors seeking to expand their portfolio and newcomers looking to enter the lucrative multifamily market. The strong rental income and desirable location make this a truly exceptional investment opportunity in the thriving McAllen, Texas market. The property's zip code is 78501, and it is situated in Hidalgo County. This is a rare chance to acquire a well-maintained, income-generating property in a high-demand area.
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.