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$520,000

1012 E Myrtle Beach Ave, McAllen, TX, 78503

On MarketInfo
Just AddedInfo
Baths8 Bath
Baths4,320 Sq Ft
QuadruplexQuadruplex
price_per_sqft$120.37 / sqft
Year BuiltBuilt in 2017

About this property

Turn-key income-producing investment opportunity in the heart of McAllen! This modern, fully leased corner lot-fourplex offers immediate cash flow and sits in a larger-than-average lot. The property features four spacious units: 2-bedroom, 2-bath units and two 3-bedroom,2-bath units. Each apartment includes a smooth-top electric range, refrigerator, microwave, washer and dryer, plus two covered carport parking spaces. Designed with contemporary finishes and low-maintenance appeal, this property is ideal for investors seeking stable rental income, Prime location near major hospitals, medical clinics, shopping centers, restaurants, and Vanguard Academy A rare opportunity to own a fully occupied, turn-key investment property in one of McAllen's most desirable locations.

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$520,000
Estimated Property Value
$0Estimated Mortgage Balance
$520,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

Interested in this property?

Patricia Fogg

Coldwell Banker La Mansion

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$849/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McAllen

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1012 E Myrtle Beach Ave | Property Details | No Agent List