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Property profile & analytics
OFF-MARKET
Small apartment buildings

3305 Frio Ave McAllen, TX 78504

Built 2022
Property ID
US82-0446618
Property summary
AI-generated overview

This exceptional investment opportunity presents a newly constructed fourplex located at 3305 Frio Avenue in McAllen, Texas, zip code 78504. Built in 2022, this property sits on a generous 9,557.935 square foot lot and comprises two separate buildings. The four units are ideally configured as two two-bedroom, two-bathroom units and two three-bedroom, two-bathroom units, catering to a diverse range of tenants. High-quality finishes are evident throughout, including attractive tile flooring and granite countertops. Central air conditioning ensures year-round comfort for residents. The property's location in McAllen, Hidalgo County, offers excellent access to local amenities and services. The asking price for this turnkey multifamily investment is $540,000. This represents a compelling opportunity for investors seeking a well-maintained, recently constructed property in a thriving Texas market. The property's modern design and desirable features are expected to attract and retain high-quality tenants, contributing to strong rental income and a positive return on investment. This is a rare chance to acquire a well-positioned, income-generating asset in a rapidly growing area.

Property profile
Verified
Property type Small apartment buildings
Year built 2022
UPID US82-0446618
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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