505 North 12th Street
$309,000
—
3,841
3,841
$80
Description
Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making...Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
- Listed by Marsha A. Acosta • TREC #801067703 • Coldwell Banker La Mansion
Property Details for 505 North 12th Street
Community Features
Sidewalks, Street Lights
Subdivision NameNorth Mcallen
LISTING UPDATED: 10/31/2024 03:54 PM
Property Details for 505 North 12th Street
Status | Active |
---|---|
MLS # | 446232 |
Days on Market | 139 |
Taxes | $7,010 / year |
HOA Fees | - |
Condo/Co-op Fees | $11,425 / year |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1976 |
Lot Size | 0.33 AC / 14,374 SF |
County | Hidalgo County |
Building Information for 505 North 12th Street
Stories2Residences4Year Built1976Building Size-Lot Size0.33 AC / 14,374 SF
Property Information for 505 North 12th Street
Property History for 505 North 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 505 North 12th Street
Taxable ValueLand$126,000Additions$171,960Total$297,960
Tax Record2022$5,959 ($497 / month)
Home Facts
Total Finished SqFt3,841 SqFtAbove Grade Finished SqFt3,841 SqFtStories1Lot Size14,000 SqFtStyleQuadraplexYear Built1976CountyHIDALGOAPNN5400-00-019-0005-00
Schools near 505 North 12th Street
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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wilson Elementary School PublicPK to 5 | ||
Travis Middle School Public6 to 8 | ||
Mcallen High School Public9 to 12 | ||
Lamar Academy Public9 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.
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