505 North 12th Street

McAllen, TX 78501

$309,000
Price
Beds
3,841 Sq. Ft.
$80 / Sq. Ft.
3,841
Sq. Ft.
$80
per Sq. Ft.

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.
  1. Listed by Marsha A. Acosta • TREC #801067703 • Coldwell Banker La Mansion

Property Details for 505 North 12th Street

Community Features
Sidewalks, Street Lights
Subdivision Name
North Mcallen
LISTING UPDATED: 10/31/2024 03:54 PM

Property Details for 505 North 12th Street

StatusActive
MLS #446232
Days on Market139
Taxes$7,010 / year
HOA Fees-
Condo/Co-op Fees$11,425 / year
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1976
Lot Size0.33 AC / 14,374 SF
CountyHidalgo 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

Summary
Location and General Information
  • Directions: Beginning at Business 83 and 12th Street, McAllen-Head North on 12th St. for 5 blocks. Property is on the corner of 12th St. and Ebony Ave.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 3.0
  • Carport YN: Yes
  • Covered Spaces: 3.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Garage Faces Side
  • Parking Total: 3.0
School Information
  • Elementary School: Wilson
  • Elementary School District: McAllen ISD
  • High School: McAllen H.S.
  • High School District: McAllen ISD
  • Middle Or Junior School: Travis
  • Middle Or Junior School District: McAllen ISD
Taxes and HOA
  • Association: No
  • Parcel Number: N540000019000500
  • Tax Annual Amount: $7,010
  • Tax Legal Description: NORTH MCALLEN LOTS 5 & 6 BLK 19
  • Tax Year: 2024
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 3841.0
  • Building Area Units: Square Feet
  • Living Area: 3841.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Sidewalks
  • Lot Size Acres: 0.33
  • Lot Size Area: 14374.8
  • Lot Size Square Feet: 14374.8
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 1976
  • Year Built Source: HCAD
  • Escrow: $3,500.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 3
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: None
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Fencing: Chain Link
  • Pool: No
  • Number Of Buildings: 3
  • Construction Materials: Brick, Frame/Wood
  • Other Structures: Laundry Facility, Storage
  • Patio And Porch Features: Covered Patio, Deck/Balcony/Porch
  • Roof: Composition Shingle
Interior Features
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
  • Cooling: Central Air, Electric, Wall Unit(s)
  • Cooling YN: Yes
  • Flooring: Hardwood
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Laundry Room
  • Foundation Details: Pillar/Post/Pier
Multi Family
Income & Expenses
  • Gross Income: $27,000.00
  • Insurance Expense: $3,734.00
  • Maintenance Expense: $11,425.00
Multi-Family Information
  • Number Of Units In Community: 3
  • Number Of Units Total: 4
  • Other Expense: $5,887.00

Property History for 505 North 12th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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505 North 12th Street is a multi-family home for sale in McAllen, TX 78501. This property was listed for sale on August 6, 2024 by Coldwell Banker La Mansion, it's currently listed at $309,000. This listing's school district is Mcallen Independent School District. Nearby schools include Wilson Elementary School, Travis Middle School and Mcallen High School. 505 North 12th Street is a 0-bed, 0-bath, 3,841 sqft multi-family home built in 1976.

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 Coldwell Banker La Mansion

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.