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1101 Dove Ave McAllen, TX 78504

84-unit multifamily, 6.6% cap rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 84-unit apartment building, Peppertree Apartments, presents a compelling investment opportunity in the thriving McAllen, Texas market. Built in 1980, this two-story property boasts a desirable 6.60% capitalization rate. Its prime location offers convenient access to major employment centers, including proximity to the University of Texas Rio Grande Valley (approximately fifteen minutes away) and South Texas College's Pecan Campus (approximately ten minutes away), ensuring a consistent pool of potential tenants. The property also benefits from its strategic position as a gateway to the medical district, attracting residents working in or seeking proximity to major healthcare facilities. Furthermore, the surrounding area provides convenient access to a wealth of retail and entertainment options. This property presents a significant value-add opportunity. Cosmetic renovations and operational improvements offer the potential to enhance rental income and significantly increase the property's overall value, maximizing returns for the new owner. The property is situated at 1101 Dove Ave W, McAllen, TX 78504.

Highlights

  • Excellent proximity to major employment centers and universities.
  • Convenient access to major retail and entertainment venues.
  • Gateway location to the medical district.
  • Value-add opportunity through cosmetic renovations and operational improvements.
  • 84-unit, 2-story apartment building built in 1980, offering a 6.60% cap rate.

Property Details for 1101 Dove Ave

Property type
Apartment buildings
Year Built
1980
Stories
2
Units
84

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.254036319137
Longitude
-98.223452579684

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FAQs

What type of property is this?
Apartment building - 84-unit multifamily, 6.6% cap rate
Where is the apartment building located?
The property is located at 1101 Dove Ave McAllen, TX.
What are key features of this property?
This property features: Excellent proximity to major employment centers and universities.; Convenient access to major retail and entertainment venues.; Gateway location to the medical district.
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.
How do I access a private listing?
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Contacts

Thomas Rodriguez
Thomas Rodriguez
Alexander Thompson
Alexander Thompson
Visit Broker Website

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Useful Information

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Dove Ave
McAllen, TX 78504

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Dove Ave
McAllen, TX 78504

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1101 Dove Ave
  • Thomas Rodriguez
    Thomas Rodriguez
  • Alexander Thompson
    Alexander Thompson
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