2305 N 32nd N Street, Mcallen, TX 78501
- $450,000
- 5,848
- SqFt
- List Price
- $450,000
- Status
- OPTION
- MLS#
- 509460
- Living Area
- 5,848
- Lot Size (Acres)
- 0.4199
- Year Built
- 2002
Property Description
8-Unit Multifamily Investment Opportunity in McAllen A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased. The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces, Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.
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Additional Information
- Area
- Mcallen
- Subdivision
- La Lomita Estates
- Taxes
- $12,133
- Stories
- 1
- Interior Features
- Ceiling Fan(s), Crown/Cove Molding
- Amenities
- None, Street Lights
- Exterior Features
- None
- Heating
- Central
- Cooling
- Central Air
- School District
- McAllen ISD
- Elementary School
- Seguin
- Middle School
- De Leon
- High School
- Rowe H.S.
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Listing courtesy of Brandy Ruiz with Lpt Realty Llc