About 505 N 12th Street
Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
Features of 505 N 12th Street
| MLS® # | 446232 |
|---|---|
| Price | $298,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,841 |
| Acres | 0.33 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 505 N 12th Street |
|---|---|
| Subdivision | North Mcallen |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78501 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Garage Faces Side |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range-Electric Coil |
| Heating | Central, Electric |
| Cooling | Central Air, Electric, Wall Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Corner Lot, Sidewalks |
|---|---|
| Roof | Composition Shingle |
| Construction | Brick, Frame/Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | McAllen ISD |
|---|---|
| Elementary | Wilson |
| Middle | Travis |
| High | McAllen H.S. |
Additional Information
| Date Listed | August 6th, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Marsha Acosta |
|---|---|
| Office | Coldwell Banker La Mansion |
| Contact Info | 956-560-8525 |