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Property profile & analytics
OFF-MARKET
Small apartment buildings

2525 Erie Ave McAllen, TX 78501

Built 1991
Property ID
US82-2099763
Property summary
AI-generated overview

This 3-unit apartment building, located at 2525 Erie Avenue in McAllen, Texas, presents a compelling investment opportunity. Built in 1991, the property sits on a 7,000 square foot lot and comprises a single building. Each of the three units features two bedrooms and one bathroom, offering a solid foundation for rental income. The property is described as a fixer-upper, presenting potential for value enhancement through renovations and upgrades. Its convenient location near the intersection of 23rd and Expressway 83 in Hidalgo County, zip code 78501, offers easy access to major transportation routes and local amenities. The asking price is $180,000. Each unit also includes a small backyard area. This property is ideal for investors seeking a multifamily project with potential for significant return on investment. The property's location and unit configuration make it an attractive option for both long-term rental and potential short-term rental strategies. The existing structure provides a solid base for future improvements and customization.

Property profile
Verified
Property type Small apartment buildings
Year built 1991
UPID US82-2099763
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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