Welcome to your next lucrative investment opportunity! This 16-unit apartment complex boasts 6 beautifully remodeled 2-bed, 2-bath units leasing at $1000+ per month, 9 additional 2-bed, 2-bath units at $800+ each, and a cozy 1-bed, 1-bath unit at $700. With a solid monthly gross rental income of $14,200, this property promises excellent returns. Tenants handle electric bills while the owner covers water expenses. Recent upgrades include new asphalt, siding, and roofs for both buildings, alongside fresh exterior paint. Step into convenience with our newly remodeled on-site laundromat, providing added value for tenants and streamlining management operations. Laundromat income is not included in gross income calculations. Enjoy increased rents by 110% or more, reflecting enhanced value. Don't miss out on this prime investment opportunity!
Sold
Price Unknown
6720 N 23rd St, McAllen, TX 78503
31beds
31baths
16,068sqft
Apartment, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$1,104 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,104/mo
Zestimate® history
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New asphalt
Zillow last checked:
Listing updated:
Listed by:
Maria Guerra 956-588-5402,
Element Realty, Llc
Source: Greater McAllen AOR,MLS#: 430194
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 31
- Bathrooms: 31
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Carpet, Laminate, Vinyl
Interior area
- Total structure area: 16,068
- Total interior livable area: 16,068 sqft
Property
Parking
- Parking features: No Carport, No Garage, Other Garage or Carport
Features
- Exterior features: None
- Fencing: Partial,Wood
Lot
- Size: 0.53 Acres
Details
- Additional structures: Laundry Facility
- Parcel number: R14000200000010C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Brick, Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Mcallen
- Subdivision: Redbud #2
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | -- |
Source: Greater McAllen AOR #430194 Report a problem | ||
| 3/10/2024 | Listed for sale | $1,700,000$106/sqft |
Source: Greater McAllen AOR #430194 Report a problem | ||
| 11/30/2023 | Sold | -- |
Source: Greater McAllen AOR #417232 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,816 +2.4% | $751,880 +6% |
| 2024 | $13,495 +0.4% | $709,321 |
| 2023 | $13,444 +9% | $709,321 +15% |
| 2022 | $12,336 +14.4% | $616,801 +17.8% |
| 2021 | $10,784 | $523,728 |
| 2020 | -- | $523,728 +0% |
| 2019 | $10,765 -11.4% | $523,718 |
| 2018 | $12,156 | $523,718 +9.5% |
| 2017 | $12,156 -1.1% | $478,475 -0.7% |
| 2016 | $12,296 -2.3% | $482,072 +1.6% |
| 2015 | $12,581 | $474,260 -5.6% |
| 2013 | -- | $502,500 +30.8% |
| 2012 | -- | $384,045 |
| 2011 | -- | $384,045 -15.8% |
| 2010 | -- | $455,987 -10.7% |
| 2009 | -- | $510,451 -2.5% |
| 2008 | -- | $523,443 -13.5% |
| 2007 | -- | $605,440 +18.4% |
| 2006 | -- | $511,350 -2.3% |
| 2005 | -- | $523,490 |
| 2004 | -- | $523,490 +14.8% |
| 2003 | -- | $456,058 +0.4% |
| 2002 | -- | $454,375 |
| 2001 | -- | $454,375 -2.1% |
| 2000 | -- | $464,163 |
Find assessor info on the county website
Neighborhood: 78503
Nearby schools
GreatSchools rating
- 7/10Houston Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 8/10Brown Middle SchoolGrades: 6-8Distance: 2.8 mi
- 6/10Memorial High SchoolGrades: 9-12Distance: 5 mi
Schools provided by the listing agent
- Elementary: Garza
- Middle: Fossum
- High: Rowe H.S.
- District: McAllen ISD
Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Texas
- Hidalgo County
- McAllen
- 78503
- 6720 N 23rd St
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Nearby neighborhoods
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