6700 7Th CtMcAllen, TX 78504

Property Details for 6700 7Th Ct

Year built

1997

Property size (Sq ft)

4,862 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

McAllen

County

Hidalgo

State

Texas

Latitude

26.2624

Longitude

-98.217

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