Property profile

2709 32Nd St McAllen, TX 78501

OFF-MARKET
Apartment buildings
Property ID
US82-4024977
Built 1992
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Property summary

AI-generated overview

This exceptional four-unit apartment building presents a compelling investment opportunity in the desirable McAllen, Texas market. Located at 2709 N 32nd Street, this property boasts a prime location near Ware Road and Daffodil, offering convenient access to local amenities and transportation. Built in 1992, the property comprises two buildings situated on a generous 8,698.93 square foot lot. Each of the four units features the same layout, providing consistency and ease of management. Upper units enjoy private balconies, while lower units offer small patios with sliding glass doors. All units are equipped with individual electric and water heaters, ensuring efficient utility management. Ample parking is provided, with two spaces allocated to each unit. The property is currently generating rental income, with lease details available upon request. One unit may be available for an owner-occupant, presenting an attractive option for those seeking both investment and personal residence. This turnkey investment is priced at $325,000 and offers a strong return on investment potential in a thriving Texas market. Don't miss this chance to acquire a well-maintained, income-producing multifamily property in a highly sought-after location.

Property profile

Verified
Property type Apartment buildings
Year built 1992
UPID US82-4024977

Cap rate & NOI

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

Location

2709 32Nd St McAllen, TX 78501
McAllen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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