REO: Royal Oaks Apartments | McAllen TX

Highlights:

• Value Add Opportunity with continued improvements and by bringing the 17 down units on-line
• REO Property with motivated seller
• 81 Units located in an "A" area of McAllen, Texas
• Located Across from an HEB Shopping Center and near a BMW Dealership
• Clean Property with over 350K in recent exterior renovations, mostly new roofs - both pitched and flat
• Upgraded laundry facility
• Individual hot water heaters and larger than average unit sizes

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2458/reo-royal-oaks-apartments-mcallen-tx?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2458

RI Marketplace and Houston Income Properties are pleased to present The Royal Oaks Apartments (Subject Property). The Subject Property is an 81 unit, value add investment opportunity located in the heart of Downtown McAllen, TX. The property was foreclosed on due to storm damage that left 17 units down. The current owner has expended over $350K in exterior improvements which includes the replacement of many of the roofs. There is good upside potential with continued improvements and by bringing the storm hit units back on line. The excellent location and rent potential of the property makes the asset a good play for a potential buyer.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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