McAllen TX Multi Family for Sale
$285,000
912 N 29th Street McAllen, TX 78501
- Type:
- Triplex
- Sq.Ft.:
- 3,060
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1981
- Baths:
- MLS#:
- 414470
- Subdivision:
- Ivy Terrace
ADDITIONAL INFORMATION
This unique property is a new investor's dream. Income producing Duplex - 2 bedrooms 1 bath, with a 3 bedroom 2 bathroom HOME sits directly across the street from the STC Pecan campus. Roof and AC was replaced 7 years ago, brand new water heaters in all three units. Don't wait, take the opportunity! Currently this property generates $2250 a month in rent but should be correctly priced at $2750 a month with proper rent increases. After some renovations home should easily rent for $1750 and each Apt. for $800 for a grand total of $3250. If held long enough STC could potentially buy out the subdivision, handsomely above market value.
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
McAllen Real Estate
The median home value in McAllen, TX is $204,100. This is higher than the county median home value of $166,400. The national median home value is $338,100. The average price of homes sold in McAllen, TX is $204,100. Approximately 51.91% of McAllen homes are owned, compared to 36.07% rented, while 12.02% are vacant. McAllen real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a McAllen real estate agent to arrange a tour today!
McAllen, Texas 78501 has a population of 141,941. McAllen 78501 is less family-centric than the surrounding county with 32.99% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in McAllen, Texas 78501 is $52,422. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in McAllen 78501 is 33 years.
McAllen Weather
The average high temperature in July is 96.6 degrees, with an average low temperature in January of 49.4 degrees. The average rainfall is approximately 21.8 inches per year, with 0 inches of snow per year.