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407 Cedar

Mcallen, TX 78501
  • $298,000
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: 364117
UPDATED: 82 min ago
$298,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,025
    SQFT
  • $99
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Investment opportunity! Over 7% cap on this 4 plex that is fully occupied. Located just off 2nd street and close proximity to business 83. Tenants have front parking and large back yard space. Room for storage under the upstairs unit and room to build your own laundry facility for even more revenue potential. Recently remodeled upstairs unit #4. Updates to the entire property and building. New electrical updates to the panel, and new mini split AC 1.5 ton added to unit #3. Great rental income! Please do not disturb tenants. Call for more information.

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© 2022 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or API Real Estate. Data last updated: 2022-01-24T00:16:29.8.
www.apirealestatehomes.com/homes/120644819
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407 Cedar Mcallen, TX 78501

  • Price: $298,000
  • Status: Active
  • On Site: 157 Days
  • Updated: 82 min ago
  • MLS #: 364117
0
Beds
0
Baths
0
½ Baths
0.19
Acres
3,025
SQFT
$99
$/SQFT
1970
Built
Neighborhood:
Cedar Place
County:
Hidalgo
Area:
Mcallen
Elementary School:
Wilson
Middle School:
Cathey
High School:
Mcallen H.S.
School District:
Mcallen ISD
Property Description
Investment opportunity! Over 7% cap on this 4 plex that is fully occupied. Located just off 2nd street and close proximity to business 83. Tenants have front parking and large back yard space. Room for storage under the upstairs unit and room to build your own laundry facility for even more revenue potential. Recently remodeled upstairs unit #4. Updates to the entire property and building. New electrical updates to the panel, and new mini split AC 1.5 ton added to unit #3. Great rental income! Please do not disturb tenants. Call for more information.
Exterior Features

Carport Spaces 0 Carport YN No Construction Materials BrickConcreteWood Siding Covered Spaces 0 Fencing Chain LinkWood Foundation Details Pillar/Post/Pier Garage YN No Lot Features Curb & Gutters Other Structures Outbuilding (None)Storage Parking Features No CarportNo Garage Parking Total 0 Pool YN No Road Surface Type Paved Roof Composition Shingle

Interior Features

Appliances Gas Water HeaterStove/Range-Gas Cooling Window Unit(S) Cooling YN Yes Flooring Tile Interior Features Ceiling Fan(S) Laundry Features None

Property Features

Association YN No Community Features SidewalksStreet Lights Green Energy Efficient Other Maintenance Expense 450 New Construction YN No Other Expense 0 Property Sub Type Quadruplex Security Features Smoke Detector(S) Sewer City Sewer Tax Annual Amount 4436 Tax Year 2020 Utilities Cable Available Water Source Public

Listing by Margarita (Rita) Olivares of Formal Realty, Llc.
© 2022 Greater McAllen Association of Realtors Multiple Listing Service.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or API Real Estate. Data last updated: 2022-01-24T00:16:29.8.
 
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