505 12Th StMcAllen, TX 78501

This exceptional investment opportunity presents a fully occupied, four-unit apartment building situated on a 14,000 square foot lot in McAllen, Texas. The property, totaling 3,841 square feet, comprises three buildings, each two stories high, constructed in 1976. Currently boasting 100% occupancy as of August 3rd, 2024, with long-term tenants, this multifamily property offers immediate and stable rental income. The property is classified as Class D and is zoned for commercial use. Its prime location offers easy access to McAllen's major thoroughfares, placing it conveniently close to the vibrant downtown and historical districts. Furthermore, its proximity to Archer Park and its popular food truck park adds to its appeal. While some cosmetic improvements are possible, the property's strong occupancy and location present a significant opportunity for rental increases, enhancing its long-term investment potential. The $309,000 asking price translates to $80.45 per square foot. This value-add investment is an excellent opportunity for those seeking a stable, income-generating property in a thriving Texas community. The property offers ample yard space for each building.