2713 31St St McAllen, TX 78501
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 2713 31St St
- Year built
- 1994
- Property type
- Small apartment buildings
Description
This exceptional 4-unit apartment building, located at 2713 N 31st Street in McAllen, Texas, presents a compelling investment opportunity. Built in 1994, the property sits on a sizable 7,802.032 square foot lot and comprises a single building. Each of the four units offers two bedrooms and one bathroom, providing comfortable living spaces for tenants. Currently, three units are generating rental income at $700 per month each, demonstrating strong occupancy rates and consistent cash flow. While one unit is currently vacant, it is prepared for immediate occupancy, promising quick turnaround and maximized rental potential. The asking price for this turnkey multifamily property is $324,999, making it an attractive entry point for both experienced investors seeking to expand their portfolio and newcomers looking to enter the lucrative McAllen real estate market. The property's location in Hidalgo County, zip code 78501, offers convenient access to local amenities and services. This well-maintained building presents a solid foundation for long-term growth and passive income generation. The property's strong rental history and desirable unit configuration make it an ideal investment for those seeking a stable and profitable addition to their investment portfolio. This is a rare opportunity to acquire a well-performing multifamily property in a thriving Texas market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2519391
- Latitude
- 26.23171
