1101 Gardenia Avenue

McAllen, TX 78501

$1,050,000
Price
Beds
9,023 Sq. Ft.
$116 / Sq. Ft.
9,023
Sq. Ft.
$116
per Sq. Ft.

Description

Prime Location, 100% Occupied Income Property! This apartment complex offers an unbeatable location and consistent 100% occupancy, ensuring a steady income. Features 13 units, including covered parking, easy-to-maintain tile floors, proximity to top schools and shopping, long-term tenants, and income from on-site laundry facilities. Don't miss this prime investment opportunity. Contact us today!Prime Location, 100% Occupied Income Property! This apartment complex offers an unbeatable location and consistent 100% occupancy, ensuring a steady income. Features 13 units, including covered parking, easy-to-maintain tile floors, proximity to top schools and shopping, long-term tenants, and income from on-site laundry facilities. Don't miss this prime investment opportunity. Contact us today!
  1. Listed by Monica Santos • TREC #801067553 • Tnt Real Estate

Property Details for 1101 Gardenia Avenue

Community Features
None, Sidewalks
Subdivision Name
Broadlawn Terrace
LISTING UPDATED: 02/19/2024 02:43 PM

Property Details for 1101 Gardenia Avenue

StatusActive
MLS #427111
Days on Market286
Taxes$12,368 / year
HOA Fees-
Condo/Co-op Fees$7,000 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1984
CountyHidalgo County

Building Information for 1101 Gardenia Avenue

Building/Complex1101 Gardenia AveFloor-Stories-Residences13Pet Policy-Year Built1984Building Size-

Property Information for 1101 Gardenia Avenue

Summary
Location and General Information
  • Directions: FERN W OF 10TH N TO GARDENIA BEHIND VAN BURKLEO MOTORS
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 12.0
  • Carport YN: Yes
  • Covered Spaces: 12.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Detached, No Garage, Garage Faces Rear
  • Parking Total: 12.0
School Information
  • Elementary School: Milam
  • Elementary School District: McAllen ISD
  • High School: McAllen H.S.
  • High School District: McAllen ISD
  • Middle Or Junior School: Morris
  • Middle Or Junior School District: McAllen ISD
Taxes and HOA
  • Association Fee: $0
  • Association: No
  • Parcel Number: B435000002000400
  • Tax Annual Amount: $12,368
  • Tax Legal Description: BROADLAWN TERRACE #1 LOTS 4 & 5 BLK 2
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 9023.0
  • Building Area Units: Square Feet
  • Living Area: 9023.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Curb & Gutters, Sidewalks
  • Lot Size Acres: 0.5763
  • Lot Size Area: 25104.0636
  • Lot Size Dimensions: 209 x 120
  • Lot Size Square Feet: 25104.0636
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 1984
  • Year Built Source: HCAD
  • Escrow: $10,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
  • Water Source: Public
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Mature Trees
  • Fencing: Partial
  • Pool: No
  • Number Of Buildings: 1
  • Construction Materials: Brick, Siding
  • Other Structures: Laundry Facility
  • Roof: Shingle
  • Window Features: Energy Features (Double Pane Windows)
Interior Features
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: None
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $99,960.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $7,000.00
Multi-Family Information
  • Number Of Units In Community: 5
  • Number Of Units Total: 13
  • Other Expense: $4,234.00

Property History for 1101 Gardenia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1101 Gardenia Avenue

This home is within Mcallen Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Milam Elementary School
PublicPK to 5

Morris Middle School
Public6 to 8

Mcallen High School
Public9 to 12

Instr/Guid Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1101 Gardenia Avenue is a multi-family home for sale in McAllen, TX 78501. This property was listed for sale on February 12, 2024 by Tnt Real Estate, it's currently listed at $1,050,000. It has been on the market for a total of 286 days and was last sold on December 15, 2015. This listing's school district is Mcallen Independent School District. Nearby schools include Milam Elementary School, Morris Middle School and Mcallen High School. 1101 Gardenia Avenue is a 0-bed, 0-bath, 9,023 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tnt Real Estate

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.