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6220 N 11th Street McAllen, TX $ 3,900,000
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$ 3,900,000 Get more info
6220 N 11th Street
$ 3,900,000
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6220 N 11th Street

McAllen, TX, 78504
$ 3,900,000
Bedrooms52 Baths52.0 Sq 40,269

Monthly Estimate*

$ 25,921

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Multi-Family Home for sale in McAllen, TX

for $3,900,000 with 52 bedrooms and 52 full baths. This 40,269 square foot home was built in 1985 on a lot size of 2.1139.

Welcome to an incredible investment opportunity to expand your real estate portfolio with the Valencia Apartments. This property presents the chance to add 52 more doors to your investment portfolio. The Valencia Apartments offer a diverse mix of living spaces, including two-bedroom, one-bedroom, and studio apartments. Situated in a prime location in McAllen, just off 10th Street, residents enjoy easy access to the heart of the city's amenities and attractions.This property generates over $400,000 in annual gross revenue, underlining its potential for significant cash flow. Don't miss out on this extraordinary investment opportunity in the thriving McAllen real estate market. Reach out today to learn more about the Valencia Apartments and seize this lucrative venture.

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Multi-Family Active

Price

$ 3,900,000

Bedrooms

52

Full Bath

52

Property Type

Multi-Family

Taxes

$ 47,054

Style

Apartment

Lot Size

2.1139

Year Built

1985

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

430699
Features
General
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Utilities Cable Available
Possession Closing and Funding Subject to Tenant Rights
Roof Other Shingle
Appliances Water Heater (Other Location) No Conveying Appliances
Exterior Features Balcony BBQ Pit/Grill
Garage Spaces 0
Patio/Porch Features Patio
Pool Features In Ground
Construction Materials Brick
Year Built 1985
Property SubType Apartment
Tax Year 2023
Gross Income 411384
Community Features Pool
County Hidalgo
Insurance Expense 32297
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Energy Efficient Thermostat
Subdivision Name Smith Village # 1
Garage Y/N No
Other Structures Laundry Facility Office Storage
Status Pending
Directions Head north on 10th st turn west into W Jay Ave take a right on N 11th st property is located on your right hand side.
High School McAllen H.S.
City McAllen
High School District McAllen ISD
Total Units 52
Lot Size Square Feet 92081.0484
Carport Spaces 0
Carport Y/N No
Street Name 11th
Elementary School Rayburn
Tax Annual Amount 47054
Home Warranty Y/N No
Middle/Junior High School Morris
Building Area Units Square Feet
Standard Status Pending
Middle/Junior School District McAllen ISD
Elementary School District McAllen ISD
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Interior
Flooring Tile Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Street
Laundry Features Laundry Area
Living Area Units Square Feet
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Exterior
Fencing None
Parking Features No Garage
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Area 2.1139
Foundation Details Slab
Number of Buildings 4
Building Area Total 40269
Lot Size Acres 2.1139
Road Surface Type Paved
Lot Size Units Acres
Covered Spaces 0
Pool YN Yes
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* Excluded Features
List By
Adolfo Landa

Listing Agent

Imperio Real Estate Llc

Broker

fito.landa01@gmail.com

Email

Affordability Calculator

$29,842
Per Month
87%
13%
0%
Monthly Principal & Interest
$25,921
Monthly Property Taxes
$3,921
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057669 Elementary School
3057460 Middle School
McAllen H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/19/2024$3,900,000 Listed Price

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6220 N 11th Street, McAllen, TX, 78504 is a Multi-Family Home for sale at $3,900,000 with 40,269 sqft and a lot size of 2.1139. 6220 N 11th Street has 52 bedrooms, 52.0 baths, and was built in 1985. The property's zip code is 78504 which is in McAllen, TX

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