For Sale
$560,000

417 28Th StMcAllen, TX 78501

Eight-unit apartment building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional multifamily investment property, located at 417 N 28th Street in McAllen, Texas, presents a compelling opportunity for discerning investors. The property consists of two buildings, encompassing eight spacious apartment units, each boasting two bedrooms and one and a half bathrooms, totaling approximately 810 square feet of living space per unit. Built in 1994, this well-maintained complex sits on a substantial 11,425.788 square foot lot, providing ample space and potential for future development or expansion. The asking price for this turnkey investment is $560,000. Situated in a highly desirable area of McAllen, within the 78501 zip code, this property benefits from strong rental demand and offers a stable income stream. The property's solid construction and desirable location make it an attractive addition to any investment portfolio, promising a significant return on investment. This eight-unit apartment building represents a rare opportunity to acquire a proven income-generating asset in a thriving Texas market. The property's strong occupancy rates and consistent rental income make it an ideal choice for investors seeking long-term stability and growth. Serious inquiries are encouraged.

Property Details for 417 28Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1994
Buildings
2
Units
8

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.210735
Longitude
-98.2519443
417 28Th St, McAllen, Texas

FAQs

What type of property is this?
Apartment building - Eight-unit apartment building, high ROI potential.
Where is the apartment building located?
The property is located at 417 28Th St McAllen, TX.
What is the asking price?
The asking price for this property is $560,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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417 28Th St
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