For Sale
$460,000

6700 7Th CtMcAllen, TX 78504

Four-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
125
Exceptional investment opportunity awaits with this four-unit apartment building situated in McAllen, Texas, at 6700 N 7th Court N, zip code 78504. This property boasts a desirable location near 10th Street and Trenton Road, conveniently behind HEB Plus, and nestled on a quiet cul-de-sac. The property comprises two buildings, totaling 4,862 square feet on an 11,678 square foot lot, built in 1997. Currently fully rented, this property offers immediate cash flow. Note that the living area per building is 2,431 square feet according to Hidalgo County Appraisal District (HCAD) records, while unit living areas are estimates. The lot is irregularly shaped. Maintenance expenses currently cover lawn care, and other expenses include professional property management fees. The property is free from HOA fees. Nearby amenities include shopping, banking, and restaurants. Please note that the 2024 property taxes are based on HCAD data. Potential buyers are responsible for conducting their own due diligence. Washer/dryer units in Unit B and washer/dryer/refrigerator in Unit D are tenant-owned and do not convey with the sale. The sellers may be open to a 1031 Deferred Tax Exchange; however, this would not incur any additional expenses for the buyer, who would need to cooperate with the process. Interior photos are pending tenant availability. Asking price is $460,000.

Highlights

  • $460,000 asking price.
  • Multifamily property with four units.
  • 4,862 square feet on an 11,678 square foot lot.
  • Two buildings built in 1997.
  • Located in McAllen, TX, near major retail and amenities.

Property Details for 6700 7Th Ct

Property type
Apartment buildings, Small apartment buildings
Square Feet
4,862 SF
Year Built
1997
Buildings
2
Units
4

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.2624318
Longitude
-98.2170065
6700 7Th Ct, McAllen, Texas

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, prime location.
Where is the apartment building located?
The property is located at 6700 7Th Ct McAllen, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: $460,000 asking price.; Multifamily property with four units.; 4,862 square feet on an 11,678 square foot lot.
How can I contact the broker?
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6700 7Th Ct
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