5,848 SqFt
5,848 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,848 sqft
Subdivision La Lomita Estates
MLS Listing ID 509460
HOA Y/N No
Year Built 2002
Annual Tax Amount $12,133
Tax Year 2025
Lot Size 0.420 Acres
Acres 0.4199
Property Sub-Type Apartment
Source Greater McAllen
Property Description
A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased.
The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces,
Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.
Location
State TX
County Hidalgo
Community None, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Crown/Cove Molding
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Refrigerator, Stove/Range
Laundry Laundry Closet, Washer/Dryer Connection
Exterior
Exterior Feature None
Fence None
Community Features None, Street Lights
View Y/N No
Roof Type Composition Shingle
Garage No
Building
Lot Description Irregular Lot
Faces Directions from McAllen Miller International Airport (MFE) to 2305 N 32nd St Distance: ~4.8 miles Estimated travel time: ~10 minutes via Ware Road Pecan Blvd Vine Street route Exit the airport heading north on s.Bicentennial Blvd / Ware Rd. Continue north past Pecan Blvd. Turn right (east) on Vine Street. Turn left (north) on N 32nd Street. Destination will be on your right at 2305 N 32nd St. Directions from North Edinburg to 2305 N 32nd St, McAllen North Edinburg is approximately 10–12 miles north of McAllen—traveling via US-281 / I-69C South and onward through central McAllen: Start south on US 281 / I-69C toward McAllen. As you reach McAllen, stay on US 281 (turns into Veterans Drive / N 23rd St). Turn right (west) onto Pecan Blvd. Turn right (north) onto Vine Street. Turn left (north) onto N 32nd Street. Arrive at 2305?N?32nd?St on your right.
Story 1
Foundation Slab
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Seguin
Middle Schools De Leon
High Schools Rowe H.S.
Others
Tax ID L132000000011300
Security Features Smoke Detector(s)
Nearby Locations
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