3010 L Ln McAllen, TX 78503
This exceptional 2013-built, four-unit apartment building in McAllen, Texas, presents a compelling investment opportunity. Situated on an 8,941 square foot lot at 3010 S L Lane, 78503, this property boasts high-end construction and meticulous maintenance. Each of the four spacious units features a thoughtfully designed layout with all bedrooms located upstairs and living areas and kitchens on the main floor. All units are exceptionally clean, include built-in features, and are entirely tile-floored, eliminating the need for carpet. Appliances are included in the sale. Each unit benefits from its own electric and water meters, with additional meters provided for owner/common area use. Two units include a one-car garage, and all units offer at least two parking spaces on a concrete surface. Safety is prioritized with fire protection systems, including sprinklers and extinguishers in each unit, and a central control room located externally. The property's superior construction and high occupancy rate make it an attractive investment prospect. The builder is known for their exceptional construction quality and customer satisfaction. Each unit also features a small enclosed patio in the rear. This turnkey property is ready for immediate income generation.
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.