700 Jackson Ave, Mcallen, TX 78501-1127
- Assisted living facilities
- 4,835 SF
- 0.53 lot acres
Current Use by Public Records
- Biltmore Assisted Living / Nursing Home / Retirement Community
- Card Reading Lectura de Cartas McAllen / Spiritual Center
- Jackson Square Apartments / Apartment Complex
Property Details for 700 Jackson Ave
- Year built
- 2000
- Lot size
- 0.53 lot acres
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- B3055-00-000-0001-00
- APU
- B305500000000100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | Mario San Roman | — | Deed Of Trust · related | $73k · Falcon Int'l Bk |
| — | — | Mario San Roman | — | Deed Of Trust · related | $85k · Falcon Int'l Bk |
| — | — | Mario San Roman | — | Loan Modification · related | $35k · Falcon International Bank |
| — | — | Mario S Roman | — | Deed Of Trust · related | $87k · Bank Of South Tx |
Description
This exceptional investment opportunity presents a 128-unit apartment building located at 700 Jackson Ave W, McAllen, Texas, 78501. Built in 1976, this two-story multifamily property boasts a compelling 6.70% capitalization rate and presents significant value-add potential. The property is situated in a high-demand submarket of McAllen, within Hidalgo County, known for its consistent rent growth. Classic unit interiors offer substantial room for upgrades, allowing for rent premiums of up to $225 per unit. This translates to immediate upside through natural rent growth and long-term appreciation. The McAllen and Edinburg markets are historically strong, providing a stable foundation for this investment. This property is part of a larger portfolio sale, offering investors the chance to acquire scale in a booming Texas market. The property's prime location and value-add potential make it an attractive investment for those seeking strong returns and long-term growth.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Mcallen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2142
- Latitude
- 26.1915
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
