About 1428 E Iris Avenue
Multi-family investment opportunity located at 1428 Iris Ave, McAllen, TX! Built in 2023, this modern four-unit property features an excellent unit mix with two spacious 3-bedroom, 2-bath units and two comfortable 2-bedroom, 2-bath units. Each apartment offers a sleek contemporary design with high ceilings, open-concept layouts, elegant quartz countertops, modern cabinetry, stylish finishes, and abundant natural light throughout. The kitchens are designed for both functionality and style, making these units highly attractive for tenants and owner-occupants alike. Conveniently located in the heart of McAllen near shopping, dining, schools, and major roadways, this property combines modern living with strong rental potential. Whether you are looking to expand your investment portfolio or live in one unit while generating income from the others, this is an outstanding opportunity you don’t want to miss!
Features of 1428 E Iris Avenue
| MLS® # | 505314 |
|---|---|
| Price | $535,000 |
| Square Footage | 3,900 |
| Acres | 0.23 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1428 E Iris Avenue |
|---|---|
| Subdivision | Park Terrace |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78504 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Attached |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Area |
| Community Amenities | None |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | McAllen 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 | $3,400 |
| Gross Income | $57,600 |
| HOA Association | Yes |
Listing Details
| Agent | Roberto Leal |
|---|---|
| Office | Imperio Real Estate LLC |
| Contact Info | 956-821-6864 |