McAllen, Texas

6720 23rd Street

McAllen, TX 78504

$1,800,000

Recámaras

N/A

Baños

N/A

Pies cuadrados

16,068

Terreno

0.53 acres

Año de construcción

1980

Tipo

Multi-family

Estatus

For Sale

MLS #

515820

Acerca de esta casa

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.

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