601 Lindberg Avenue, McAllen

$4,300,000

0 Beds
0 Baths
49,872 Sqft
2.58 Acres
0 Garages

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.

Essential Information
MLS® #333120
Price$4,300,000
Bathrooms0.00
Square Footage49,872
Acres2.58
Year Built2014
TypeMulti-Family
Sub-TypeApartment (10+)
StatusActive
Community Information
Address601 Lindberg Avenue
AreaMcAllen
SubdivisionNapa Heights
CityMcAllen
CountyHidalgo
StateTX
Zip Code78501
Amenities
GaragesNo Garage
Amenities

Curb & Gutter, Sidewalks, Street Lights, Gated Entrance

Interior
HeatingCentral, Electric
Exterior
ExteriorHardy Plank
Exterior FeaturesMotorized Gate
Lot DescriptionSidewalks, Corner Lot
WindowsDouble Pane Windows
RoofComposition Shingle
FoundationSlab
School Information
DistrictMcAllen ISD
ElementaryJackson
MiddleTravis
HighMcAllen H.S.
Additional Information
Date ListedMay 11th, 2020
Listing Details
AgentDolly Elizondo
OfficeeReal Estate Depot, LLC
LISTING MAP

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