8-Plex on Vine & 32nd

Highlights:

• 8 x 2/1s, apx 700sf each
• Fully occupied (as of 2.21.24)
• Average rental rate of $655/m, max rate of $700
• Corner of 32nd x Vine
• Only a few minutes North of I2, Ware exit

Description:

Now Available for Purchase: Fully Occupied 8-Plex in McAllen, TX! Located in a thriving area known for its economic growth and vibrant community, the property benefits from its proximity to local amenities, including shopping centers, restaurants, parks, and educational institutions, making it an attractive option for tenants and a strategic asset for investors. The property has been meticulously managed by the same owner for over a decade and their "pride of ownership" is readily apparent. The 2-story property features eight units, each offering approximately 700 square feet of living space with 2 bedrooms and 1 bathroom. It is a rarity to have a vacancy. The property's competitive pricing, combined with McAllen's steady rental market, positions this complex as a solid investment with potential for cash flow and capital appreciation. Financial details, including rental income, operating expenses, and net operating income, are available upon request to interested investors.

Located on the corner of Vine x 32nd St, just minutes north of the Ware I2 exit, this apartment complex could be an excellent addition to your investment portfolio.

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