2905 Highland Avenue, McAllen

$3,000,000

0 Beds
0 Baths
52,229 Sqft
0 Acres
0 Garages

Please download the property offering memorandum at http://properties.chopkinsrealestate.com/402479-sale
This 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.

Essential Information
MLS® #306216
Price$3,000,000
Bathrooms0.00
Square Footage52,229
Acres0.00
Year Built1985
TypeMulti-Family
Sub-TypeOther Multi-Unit
StatusActive
Community Information
Address2905 Highland Avenue
AreaMcAllen
SubdivisionLa Lomita Estates
CityMcAllen
CountyHidalgo
StateTX
Zip Code78501
Amenities
AmenitiesNone
GaragesNo Garage
Interior
HeatingCentral
Exterior
ExteriorBrick
Exterior FeaturesNone
Lot DescriptionNone
RoofComposition Shingle
FoundationSlab
School Information
DistrictMcAllen ISD
ElementaryAdame
MiddleAdams
HighAlice H.S.
Additional Information
Date ListedNovember 14th, 2018
Listing Details
AgentZachary Sunderland
Office

CHRE - Cindy Hopkins Real Estate

LISTING MAP

The information being provided by the Greater McAllen Association of REALTORS®, INC. is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Sign up for email updates