Pending

Listed by Maria Guerra from Element Realty, LLC

Source: Greater McAllen Association of Realtors #430194

6720 North 23rd Street, McAllen, TX, 78504

$1,700,000

16068 sq. ft.
22952.2 sq. ft.

Apartment

30+ days on the market

What's around 6720 North 23rd Street

About this property

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!

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