5317 17Th StMcAllen, TX 78504

Property Details for 5317 17Th St

Year built

1993

Property type

Apartment buildings

Description

This exceptional 55-unit apartment building presents a compelling value-add investment opportunity in the thriving McAllen, Texas market. Built in 1993, this two-story property boasts a desirable location at 5317 N 17th St, McAllen, TX 78504, placing it ideally near major employment centers, including the gateway to the medical district. The property benefits from its proximity to significant educational institutions, such as 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 current 6.70% capitalization rate offers immediate returns, while the potential for rent growth and operational efficiency improvements through cosmetic renovations and strategic management initiatives presents a clear path to maximizing profitability. This property is part of a larger portfolio sale, offering significant upside for the discerning investor. Convenient access to major retailers and entertainment venues further enhances the desirability of this investment. The property's strong location and value-add potential make it an attractive opportunity for investors seeking significant returns in a rapidly growing Texas market. This is a rare chance to acquire a well-positioned multifamily asset with substantial upside potential.

Location Insight

City

McAllen

County

Hidalgo

State

Texas

Latitude

26.2517

Longitude

-98.2297

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].