Mcallen, TX 78504,408 E Ulex AVE
Mcallen, TX 78504,408 E Ulex AVE
Mcallen, TX 78504,408 E Ulex AVE
Mcallen, TX 78504,408 E Ulex AVE
Mcallen, TX 78504,408 E Ulex AVE
Mcallen, TX 78504,408 E Ulex AVE
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Listed by Red Door Real Estate Services
$ 1,275,000

10,376 SqFt


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$ 1,275,000
Save

10,376 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,376 sqft

Subdivision Violet Terrace

MLS Listing ID 485865

HOA Y/N No

Year Built 2000

Annual Tax Amount $21,188

Tax Year 2025

Lot Size 0.597 Acres

Acres 0.5974

Property Sub-Type Multi Family

Source Greater McAllen

Property Description

Exceptional investment opportunity in the heart of McAllen! This well-maintained 12-plex located at 408 Ulex Ave is the perfect addition to any investor's portfolio. Each unit offers comfortable living spaces and is designed for easy maintenance and consistent rental income. The property is located in a high-demand rental area, close to shopping centers, schools, restaurants, and major roadways—making it ideal for long-term tenants.
The complex features a solid rental history and water is included, simplifying management and reducing tenant turnover. With McAllen's growing rental market and strong economic stability, this property offers the potential for excellent cash flow and appreciation. Whether you're a seasoned investor or just starting out, this 12-unit property presents a rare opportunity to own a multi-family complex in one of the Valley's most desirable areas.

Location

State TX

County Hidalgo

Community None, Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s), Dryer, Walk-In Closet(s), Washer

Heating Central

Cooling Central Air

Flooring Tile

Appliance Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer

Laundry Laundry Closet

Exterior

Exterior Feature Mature Trees

Fence None

Community Features None, Sidewalks, Street Lights

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot, Sidewalks

Faces Head north on N 10th St toward W Nolana Ave, Turn right at the 1st cross street onto W Nolana Ave, Turn left onto N C St/N Chai/N Chai C St, Turn right onto E Ulex Ave, Complex will be in the corner to your Right

Story 1

Foundation Slab

Sewer City Sewer

Structure Type Brick

New Construction No

Schools

Elementary Schools Gonzalez

Middle Schools Cathey

High Schools Memorial H.S.

Others

Tax ID V417000000002100

Security Features Smoke Detector(s)

Daniel Garza

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(956) 245-5465

danielrgvrealtor@gmail.com

6615 Cardiff Ave, Edinburg, TX, 78542, USA

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408 E Ulex AVE