6720 North 23rd Street

McAllen TX 78504

16068 sq. ft.

22952.2 sq. ft.

Apartment

Currently for sale - view listing

Overview

Welcome to your next lucrative investment opportunity! This 16-unit apartment complex boasts 6 beautifully remodeled 2-bed, 2-bath units leasing at $1000+ per month, 9 additional 2-bed, 2-bath units at $800+ each, and a cozy 1-bed, 1-bath unit at $700. With a solid monthly gross rental income of $14,200, this property promises excellent returns. Tenants handle electric bills while the owner covers water expenses. Recent upgrades include new asphalt, siding, and roofs for both buildings, alongside fresh exterior paint. Step into convenience with our newly remodeled on-site laundromat, providing added value for tenants and streamlining management operations. Laundromat income is not included in gross income calculations. Enjoy increased rents by 110% or more, reflecting enhanced value. Don't miss out on this prime investment opportunity!

Features

16068 sq. ft. floor area

22952.2 sq. ft. lot size

Apartment

Happy sellers in McAllen

We have insufficient information to provide an overview of customer satisfaction for McAllen. Viewing the agent profiles, reviews and sales for McAllen can provide insights for this location.

Local market activity for apartments in McAllen

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Maria Guerra

at Element Realty, LLC

View listing

Sales:: (619) 566-0008

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