Mcallen, TX 78501,505 N 12th ST
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Mcallen, TX 78501,505 N 12th ST
Mcallen, TX 78501,505 N 12th ST
Mcallen, TX 78501,505 N 12th ST
Mcallen, TX 78501,505 N 12th ST
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Listed by Coldwell Banker La Mansion
$ 309,000
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Active

505 N 12th ST Mcallen, TX 78501

3,841 SqFt


UPDATED:

10/31/2024 08:50 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,841 sqft

Subdivision North Mcallen

MLS Listing ID 446232

HOA Y/N No

Originating Board Greater McAllen

Year Built 1976

Annual Tax Amount $7,010

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Description

Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.

Location

State TX

County Hidalgo

Community Sidewalks, Street Lights

Rooms

Other Rooms Laundry Facility, Storage

Interior

Interior Features Ceiling Fan(s)

Heating Central, Electric

Cooling Central Air, Electric, Wall Unit(s)

Flooring Hardwood

Appliance Electric Water Heater, Refrigerator, Stove/Range-Electric Coil

Laundry Laundry Room

Exterior

Carport Spaces 3

Fence Chain Link

Community Features Sidewalks, Street Lights

Waterfront No

View Y/N No

Roof Type Composition Shingle

Total Parking Spaces 3

Garage No

Building

Lot Description Corner Lot, Sidewalks

Faces Beginning at Business 83 and 12th Street, McAllen-Head North on 12th St. for 5 blocks. Property is on the corner of 12th St. and Ebony Ave.

Story 2

Foundation Pillar/Post/Pier

Sewer City Sewer

Water Public

Structure Type Brick,Frame/Wood

New Construction No

Schools

Elementary Schools Wilson

Middle Schools Travis

High Schools Mcallen H.S.

Others

Tax ID N540000019000500


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505 N 12th ST