601 Lindberg Avenue

    Mcallen, TX 78501
    • $4,300,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 333120
    UPDATED: 51 min ago
    $4,300,000
    • 0
      BEDS
    • 2.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 49,872
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2014
    County:
    Area:

    School Information

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

    Description

    NAPA HEIGHTS is a multi-family asset located in prime, central south Mcallen Texas. Built in 2014, Napa Heights consists of a mixed 1-2-& 3 bd, 48 unit complex w/ BLDG 1 & BLDG 2, each two story. Complex is located, and has easy access to two major traffic corridors, U.S Expressway 83 and 10th St. Property is currently managed by a licensed Property Manager off site; water, cable and trash are included in rent. Each unit has refrigerator, stove/range and washer/dryer connections. Total land area is 2.58 acres (approx.) There remains an unimproved parcel at the south section of the site. Future additional units may be built there and potentially would increase CAP rate and value add appreciation. Seller is in the process of analyzing the size of the unimproved site and how many more units can be built there. This property is located walking distance to two Major Hospitals, numerous Medical offices, abundant Retail, Shopping and Community service Centers.

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    © 2020 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 The Maggie Harris Team | Keller Williams Realty. Data last updated: 2020-05-25T13:16:28.737.
    www.maggieharristeam.com/homes/105757582

    601 Lindberg Avenue Mcallen, TX 78501

    • Price: $4,300,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 333120
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.58
    Acres
    49,872
    SQFT
    $86
    $/SQFT
    2014
    Built
    Neighborhood:
    Napa Heights
    County:
    Hidalgo
    Area:
    Mcallen
    Elementary School:
    Jackson
    Middle School:
    Travis
    High School:
    Mcallen H.S.
    School District:
    Mcallen ISD
    Property Description
    NAPA HEIGHTS is a multi-family asset located in prime, central south Mcallen Texas. Built in 2014, Napa Heights consists of a mixed 1-2-& 3 bd, 48 unit complex w/ BLDG 1 & BLDG 2, each two story. Complex is located, and has easy access to two major traffic corridors, U.S Expressway 83 and 10th St. Property is currently managed by a licensed Property Manager off site; water, cable and trash are included in rent. Each unit has refrigerator, stove/range and washer/dryer connections. Total land area is 2.58 acres (approx.) There remains an unimproved parcel at the south section of the site. Future additional units may be built there and potentially would increase CAP rate and value add appreciation. Seller is in the process of analyzing the size of the unimproved site and how many more units can be built there. This property is located walking distance to two Major Hospitals, numerous Medical offices, abundant Retail, Shopping and Community service Centers.
    Exterior Features

    Carport Spaces 0.00 Exterior Features Motorized Gate Exterior Siding Hardy Plank Fence Type Decorative Metal Foundation Type Slab Garage Carport No Garage Location Features Corner LotSidewalks Pool YN No Roof Composition Shingle

    Interior Features

    Flooring Type Tile Interior Features Cable TvSmoke Alarm(S)Washer/Dryer Connection Water Heater Electric

    Property Features

    Community Amenities Curb & GutterGated EntranceSidewalksStreet Lights Energy Features Double Pane WindowsOther Hvac CentralElectric Maintenance Expense 40000 Other Expenses 32000 Poa YN No Property Insurance 15000 Property Sub Type Apartment Complex Reo No Special Features Controlled AccessInternet Access Taxes Wo Exemption 71095 Water Sewer City SewerPublic Water

    Listing by Dolly Elizondo of Ereal Estate Depot, Llc.
    © 2020 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 The Maggie Harris Team | Keller Williams Realty. Data last updated: 2020-05-25T13:16:28.737.
     
    The Maggie Harris Team | Keller Williams Realty
    833 N Ware Rd
    McAllen TX, 12345