120 S 4th St - Apartments FOR SALE


McAllen, TX 78501
$2,500,000 USD
956-502-0238
120 S 4th St, McAllen, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/27
null | 8.9% Cap Rate

120 S 4th St
McAllen, TX 78501


HIGHLIGHTS

  • Completely upgraded and remodeled
  • Beautifully furnished
  • Well located

OVERVIEW

Don't miss this chance to acquire this well located, unique, and extremely profitable asset. The property is located just steps from popular retail and restaurants and the highly trafficked intersection of business 83 and 2nd st. All of the units have been professionally remodeled with high quality finishes, and are turn key ready for occupancy. The property presents an particularly interesting opportunity to fill a specific niche in the local rental market with its completely furnished studio units. The units are equipped with smart tv's, comfortable beds, dining areas, kitchenettes, and in unit washer and dryers.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

29

PRICE/UNIT

$86,207

CAP RATE

8.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studios On Fourth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,108 SF

ZONING

-

APN/PARCEL ID

W6300-03-000-0001-00

ASK ABOUT THIS PROPERTY

Esteban FloresEffective Real EstateMore Info
956-502-0238

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Esteban FloresEffective Real EstateMore Info
956-502-0238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.