About 1316 E Hibiscus Avenue
LIKE NEW Fully Leased & Cash-Flowing 4-Plex in Prime McAllen Location – Outstanding investment in the sought-after Park Terrace neighborhood, just south of Nolana and close to Jackson Rd. This income-generating property features four fully occupied units: two 2BD/2BA and two 3BD/2BA – an ideal mix for consistent rental demand. Each unit comes equipped with full appliances, including washer and dryer. Just minutes from Doctor’s Hospital at Renaissance and Expressway 281, with easy access to shopping, dining, and entertainment. Whether you're looking to grow your portfolio or live in one unit while renting the rest, this is a rare opportunity to own a performing asset in one of McAllen’s most desirable areas. Two units are currently month to month with long term tenants which means there is an opportunity for this to be an owner occupied investment option or for new owner to adjust rental prices if they see fit. All in all, this is a great opportunity you don't want to pass up.
Features of 1316 E Hibiscus Avenue
| MLS® # | 483846 |
|---|---|
| Price | $547,500 |
| Square Footage | 4,216 |
| Acres | 0.24 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1316 E Hibiscus Avenue |
|---|---|
| Subdivision | Park Terrace |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78501 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 8 |
| Parking | No Garage |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet |
| Community Amenities | Curbs, Gated, Sidewalks, Street Lights |
Interior
| Interior Features | Built-in Features, Ceiling Fan(s), Crown/Cove Molding, Decorative/High Ceilings, Dryer, Microwave, Washer |
|---|---|
| Appliances | Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Lot Description | Curb & Gutters, Professional Landscaping, Sidewalks |
|---|---|
| Windows | Energy Features (Double Pane Windows) |
| Roof | Composition Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | Mercedes ISD |
|---|---|
| Elementary | Milam |
| Middle | Cathey |
| High | Memorial H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $500 |
| HOA Fees Freq. | Annually |
| Property Insurance | $1,300 |
| Gross Income | $61,200 |
| HOA Association | Yes |
Listing Details
| Agent | Danielle Connolly |
|---|---|
| Office | Key Realty |
| Contact Info | 956-752-8438 |