2504 31st Lane, McAllen, TX 78501
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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!
Property Details | ||
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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 |
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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 |
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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 |
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District | McAllen ISD | |
Elementary School | Seguin | |
Middle School | De Leon | |
High School | Rowe H.S. | |
MLS Information |
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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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This information is believed to be accurate, but without any warranty.