1201 E Iris Avenue, Mcallen, TX 78504

$975,000
: 6,639
SqFt

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List Price: $975,000
Status: ACTIVE
MLS#: 509959
Living Area: 6,639
Lot Size (Acres): 0.41000000000000003
Year Built: 2024

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Property Description

Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.

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Additional Information

Area: Mcallen
Subdivision: Park Terrace
Taxes: $16,027
HOA Fee: $600
Stories: 1
Interior Features: Ceiling Fan(s), Dryer, Microwave, Washer
Amenities: Gated, Sidewalks, Street Lights
Exterior Features: Other
Heating: Central, Electric
Cooling: Central Air, Electric
Sewer: City Sewer
School District: McAllen ISD
Elementary School: Milam
Middle School: Cathey
High School: Memorial H.S.