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2504 31st Lane, McAllen, TX 78501


Beds

n/a Full bath

2580 SqFt

Pending

Welcome to your next investment opportunity! This charming 4plex presents an excellent prospect for both seasoned and new investors. Located in a thriving area of McAllen less than 1 mile from STC and Nikki Rowe High school, this property offers 4 1-bedroom 1-bathroom units. Each unit provides comfortable living spaces and convenience. This property is situated in central McAllen & enjoys proximity to a range of amenities including shopping centers, restaurants, schools, and parks and provides tenants with a covered car port parking space. Refrigerators, stoves/ovens, washers and dryers convey with the sale. This cash flowing 4-plex is leasing three units to long term tenants for $655, $600, $550, and the 4th unit is being leased as a short term rental. This property presents an excellent income-generating opportunity since there is still room for greater cash flow based on comparable units nearby indicating these apartments can be rented at $750. Schedule a showing today!

0 upcoming open houses

Property Details
Price $275,000
Lot Size 76x160
Lot Size Area 12196.8
Lot Size Area Units Square Feet
Acres 0.28
Property Type MultiFamily
Sub type Quadruplex
MLS Sub type Quadruplex
Stories 1
Features Ceiling Fan(s), Microwave, Walk-In Closet(s)
Exterior Features Mature Trees
Year Built 1989
Subdivision La Lomita Estates
Roof Shingle
Heating Central
Foundation Slab
Lot Description Mature Trees
Laundry Features Laundry Closet
Parking Description No Garage
Parking Spaces 1
Geographic Data
Directions Turn East at the intersection on Ware Rd and Vine Ave. When you arrive at the stop sign on Vine Ave and 32nd St. Turn North (left). Turn right on 31st Lane and the property with be on the right hand side.
County Hidalgo
Latitude 26.22979
Longitude -98.251476
Address Information
Address 2504 31st Lane, McAllen, TX 78501
Postal Code 78501
City McAllen
State TX
Country United States
Listing Information
Listing Office Keller Williams Realty Rgv
Listing Office Phone 956-928-1155
Listing Office Email klrw634@kw.com
Listing Agent Jalyssa Garza
Listing Agent Phone 956-928-1155
Buyer Agency Compensation 2.00%
Terms Cash, Conventional, FHA, VA Loan
School Information
District McAllen ISD
Elementary School Seguin
Middle School De Leon
High School Rowe H.S.
MLS Information
Days on market 31
MLS Status Pending
Listing Last Modified Apr 27, 2024
Tax ID L132000000008300
Tax Year 2023
Tax Annual Amount 4761
MLS # 432008

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