For Sale
$1,200,000

4113 24Th Ln McAllen, TX 78504

Prime McAllen investment; 8 units, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 8-unit apartment building presents a lucrative investment opportunity in the desirable McAllen, Texas market. Constructed in 2013, this single-building property boasts a total of 13,939 square feet situated on a 13,939.2 square foot lot. The property currently features four apartments available for rent, demonstrating strong rental demand. Two units command a monthly rent of $900, while two others, enhanced by balconies, rent for $950 per month. This translates to significant potential rental income. The property's address is 4113 N 24th Lane, McAllen, TX 78504, within Hidalgo County. The asking price for this turnkey investment is $1,200,000. This well-maintained property offers a compelling combination of established rental income and significant growth potential in a thriving Texas market. The property's location in McAllen provides easy access to local amenities and a strong tenant pool. This is an ideal opportunity for investors seeking a stable and profitable multifamily investment. The building's 2013 construction ensures relatively low maintenance costs and a long lifespan. This property is ready for immediate income generation and offers a solid foundation for long-term investment growth.

Highlights

  • $1,200,000 asking price.
  • Eight-unit multifamily apartment building.
  • 13,939 square feet on a 13,939 square foot lot.
  • Built in 2013.
  • Located at 4113 N 24th Lane, McAllen, TX 78504.

Property Details for 4113 24Th Ln

Property type
Apartment buildings
Square Feet
13,939 SF
Year Built
2013
Buildings
1
Units
8

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.2437425
Longitude
-98.2408762

FAQs

What type of property is this?
Apartment building - Prime McAllen investment; 8 units, high rental income.
Where is the apartment building located?
The property is located at 4113 24Th Ln McAllen, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price.; Eight-unit multifamily apartment building.; 13,939 square feet on a 13,939 square foot lot.
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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4113 24Th Ln
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