7,200 SqFt
7,200 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Subdivision Alaniz
MLS Listing ID 485728
HOA Y/N No
Year Built 1993
Annual Tax Amount $7,983
Tax Year 2024
Lot Size 0.252 Acres
Acres 0.2525
Property Sub-Type Multi Family
Source Greater McAllen
Property Description
Discover this turnkey 8-unit investment property in the heart of McAllen, TX, delivering strong, stable cashflow exceeding $80,000 per year. Each unit offers 2 bedrooms and 1 bathroom, featuring fully renovated interiors with new kitchens, modern flooring, updated showers, and all-new systems throughout — ensuring minimal maintenance and long-term durability.
Unit Rents: $850–$975/month
Occupancy: 100% leased
Parking: 16 dedicated spaces
Utilities: Separately metered; tenants pay all utilities
The property's comprehensive exterior and interior renovations give it a clean, modern appeal that attracts and retains quality tenants. With all upgrades complete, this is a true turnkey asset offering immediate income and long-term appreciation potential.
Ideal for investors seeking reliable cashflow, strong yield, and hands-off management in a thriving McAllen rental market.
Location
State TX
County Hidalgo
Community Sidewalks, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Dryer, Split Bedrooms, Washer
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate
Appliance Electric Water Heater, Other
Laundry Laundry Area, Washer/Dryer Connection
Exterior
Exterior Feature Balcony, None
Carport Spaces 16
Fence None
Community Features Sidewalks, Street Lights
View Y/N No
Roof Type Shingle
Total Parking Spaces 16
Garage No
Building
Faces Take the i-2 highway and exit on Business 83 highway into N 28th St.
Story 1
Foundation Slab
Sewer City Sewer
Structure Type Frame/Wood
New Construction No
Schools
Elementary Schools Alvarez
Middle Schools Travis
High Schools Memorial H.S.
Others
Tax ID A230000000002901
Security Features Smoke Detector(s)
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