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$325,000

1721 N 11th St, MCALLEN, TX, 78501

PendingInfo
CommercialInfo
Beds— Beds
Baths16 Bath
Baths2,768 Sq Ft
Multi FamilyMulti Family
price_per_sqft$117.41 / sqft
Year BuiltBuilt in 1975

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 16Bathrooms Full 16
AppliancesGas Water Heater

Exterior

Exterior FeaturesBalcony
Lot Size9,074 sqft

Building Information

Year Built1975
Stories2
Roof Type105

Land Information

APNE5500-00-002-0001-00
Lot Number1
SubdivisionEltus - Sml
Land UseResidential
Legal DescriptionELTUS LOTS 1 & N 1/2 OF 2 BLK 2
Census Tract020805
Assessed Land Value$108,900
Assessed Improvement Value$117,846
Assessment Year2025

About this property

This is not just any investment property in McAllen. This is over 100 years of heritage providing hospitality, profitable business and later, homes to countless in the McAllen region. Believed to be originally the Annex of the McAllen Hotel located on Business 83 and Main Street, the building was relocated to 11th and Redwood and converted to four 1 bedroom, 1 bath efficiency apartments. Encased now in brick veneer, it's history echoes quietly in the original and restored ebony stained oak wood flooring that remains in amazing condition. Three units are occupied and one unit is available to tour through. No central air, separate meters.

Investor Tools

$145,821Estimated Mortgage Balance
$228,534Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,238 /month
Positive
Cash Flow Estimate:
$746 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$506/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,213
$226,746
2025
$108,900
$117,846
$226,746
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,213
$226,746

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kiavi Funding Inc
Commercial
$158,200
No
First
Feb 18, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,821
$227,179
60%
39%
$949/mo

City: MCALLEN

1721 N 11th St | Property Details | No Agent List