2905 Highland Avenue

    Mcallen, TX 78501
    • $3,000,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 306216
    $3,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 52,229
      SQFT
    • $57
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Information

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

    Description

    Please download the property offering memorandum at http://properties.chopkinsrealestate.com/402479-saleThis portfolio consists of twelve freestanding buildings divided among six properties located in two of the most prominent cities in the Rio Grande Valley. There are 29 multifamily units in Edinburg and 30 in McAllen, for a total of 59 units that together make up 52,229 square feet of leasable space. The largest of the Edinburg properties, 1611 Norma, was completed in 1974 and consists of 20 2 bedroom, 2 baths, making up a third of the entire portfolio. The largest of the McAllen properties, 2901 - 2909 Highland Ave, was completed in 1980 and consists of 18 2 bedroom, 1 bath and also makes up about a third of the entire portfolio. The other 19 apartment units are located within a quarter mile of each of these central hubs, making for efficient management operations. All together, the portfolio commanded $383,000 in scheduled rent in 2017, and has some room for rental growth.

    Monthly Payment Calculator

    © 2018 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 Jinks Realty. Data last updated: 2018-12-10T00:16:41.507.
    www.jinksrealty.com/homes/89419589

    2905 Highland Avenue Mcallen, TX 78501

    • Price: $3,000,000
    • Status: Active
    • MLS #: 306216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    52,229
    SQFT
    $57
    $/SQFT
    1985
    Built
    Neighborhood:
    La Lomita Estates
    County:
    Hidalgo
    Area:
    Mcallen
    Elementary School:
    Adame
    Middle School:
    Adams
    High School:
    Alice H.S.
    School District:
    Mcallen ISD
    Property Description
    Please download the property offering memorandum at http://properties.chopkinsrealestate.com/402479-saleThis portfolio consists of twelve freestanding buildings divided among six properties located in two of the most prominent cities in the Rio Grande Valley. There are 29 multifamily units in Edinburg and 30 in McAllen, for a total of 59 units that together make up 52,229 square feet of leasable space. The largest of the Edinburg properties, 1611 Norma, was completed in 1974 and consists of 20 2 bedroom, 2 baths, making up a third of the entire portfolio. The largest of the McAllen properties, 2901 - 2909 Highland Ave, was completed in 1980 and consists of 18 2 bedroom, 1 bath and also makes up about a third of the entire portfolio. The other 19 apartment units are located within a quarter mile of each of these central hubs, making for efficient management operations. All together, the portfolio commanded $383,000 in scheduled rent in 2017, and has some room for rental growth.
    Exterior Features

    Exterior Features None Exterior Siding Brick Fence Type None Foundation Type Slab Garage Carport No Garage Location Features None Pool YN No Roof Composition Shingle

    Interior Features

    Flooring Type Vinyl Interior Features None Water Heater Electric

    Property Features

    Community Amenities None Energy Features None Hvac Central Maintenance Expense 0 Other Expenses 0 Poa YN No Property Insurance 0 Property Sub Type Other Multi-Unit Reo No Special Features None Taxes Wo Exemption 51547 Water Sewer City SewerPublic Water

    Listing by Zachary Sunderland of Chre - Cindy Hopkins Real Estate.
    © 2018 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 Jinks Realty. Data last updated: 2018-12-10T00:16:41.507.
     
    Jinks Realty
    502 West University Dr.
    Edinburg TX, 78539