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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34358383
34358384

2305 N 32nd Street N, McAllen, TX 78501 For Sale

LPT Realty LLC
Listed by LPT Realty LLC
$450,000
7 days on market
Updated 2 days ago

2305 N 32nd Street N

Details
APN L132000000011300
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 5,848
Units 25
Cap Rate 6.00%
Class C
Year Built 2002
Buildings 1
Acreage 0.420

8-Unit Value-Add Opportunity in the Heart of McAllen

Marketing description

8-Unit Multifamily Investment Opportunity in McAllen A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased. The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces, Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.
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LPT Realty LLC
Listed by LPT Realty LLC

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