List Price:
$1,800,000
MLS Number:
515820
Property Type:
Residential Income
Property Sub Type:
Apartment
Accessibility Features:
Appliances:
Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
Application Fee:
Association Fee:
Association Fee Frequency:
Association YN:
No
Attached Garage YN:
Availability:
Base Rent Amount:
Basement:
Building Area Total:
16068
Building Area Units:
Square Feet
Carport Spaces:
0
Carport YN:
No
City:
McAllen
Community Features:
Sidewalks, Street Lights
Construction Materials:
Brick, Siding
Cooling:
Central Air, Electric
Cooling YN:
Yes
Country:
US
County:
Hidalgo
Covered Spaces:
0
Designated Broker MUI:
17696036
Directions:
South on 23rd from Trenton. Property is on your left before hitting Oriole.
Elementary School:
Garza
Elementary School District:
McAllen ISD
Exterior Features:
None
Fencing:
Partial, Wood
Fireplace YN:
Flooring:
Carpet, Laminate, Vinyl
Foundation Details:
Slab
Furnished:
Garage Spaces:
0
Garage YN:
No
Green Energy Efficient:
None
Heating:
Central, Electric
Heating YN:
Yes
High School:
Rowe H.S.
High School District:
McAllen ISD
Interior Features:
Ceiling Fan(s)
Laundry Features:
Laundry Room
Lease Term:
Leased Rent Share:
Living Area Source:
HidalgoCAD
Living Area SqFt:
16068
Living Area Units:
Square Feet
Lot Features:
Curb & Gutters, Sidewalks
Lot Size Acres:
0.5269
Lot Size SqFt :
22952.1996
Maintenance Expense:
$780
Middle School:
Fossum
Middle School District:
McAllen ISD
New Construction YN:
Number Of Buildings:
2
Number Of Units In Community:
2
Number Of Units Total:
16
Open Parking YN:
Other Bldg SqFt:
Other Equipment:
Other Expense:
$10,200
Other Structures:
Laundry Facility
Own Lot YN:
Parking Features:
No Carport, No Garage, Other Garage or Carport
Parking Total:
0
Patio And Porch Features:
Pet Deposit:
Pets Allowed:
Pool Features:
Pool Private YN:
Pool YN:
No
Postal Code:
78504
Property Attached YN:
Public Remarks:
Investment opportunity featuring a 16-unit multifamily asset with strong existing income and additional upside potential. The property consists of fifteen 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. Six remodeled units lease for $985+ per month, nine units lease for $900+, and the 1-bedroom unit leases for $725. Reported gross rental income is $14, 755 per month, or $177, 060 annually, excluding laundromat revenue. Tenants pay their own electricity, while ownership covers water. Recent capital improvements include new asphalt, siding, roofs on both buildings, and fresh exterior paint, reducing near-term capital exposure. A newly remodeled on-site laundromat provides tenant convenience and an additional income stream. This income-producing asset offers immediate cash flow with further upside through continued interior renovations, rental growth, and ancillary income.
Road Frontage Type:
Road Surface Type:
Paved
Roof:
Shingle
Room Office Area:
Rooms Total:
Security Features:
Security Deposit:
Sewer:
City Sewer
Showing CSS YN:
Spa Features:
Spa YN:
Standard Status:
Active
State:
TX
Status:
Active
Street Dir Prefix:
N
Street Dir Suffix:
Street Name:
23rd
Street Number:
6720
Street Suffix:
Street
Subdivision:
Redbud #2
Tax Annual Amount:
$24,200
Tax Year:
2026
Utilities:
Water Source:
Public
Window Features:
Year Built:
1980
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