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$1,440,000

2428 Upas Ave, McAllen, TX, 78501

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths10,464 Sq Ft
price_per_sqft$137.61 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Cooktop, Washer, Electric Water Heater, Refrigerator
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size19,467 sqft

Building Information

Year Built1980
Stories2
Roof Type105
Garage Spaces8

Land Information

APNL3350-00-000-0015-00
Lot Number15
SubdivisionLas Palmas - Sml
Land UseCommercial
Legal DescriptionLAS PALMAS LOTS 15 & 16
Census Tract020725
Assessed Land Value$180,079
Assessed Improvement Value$509,921
Assessment Year2025

About this property

Exceptional Investment Opportunity | 16-Unit Multifamily Complex Expand your investment portfolio with this well-maintained 16-unit multifamily property, ideally situated in a desirable and convenient location with strong rental appeal. The property offers a versatile unit mix designed to attract a broad tenant base: • 10 one-bedroom, one-bath units • 6 two-bedroom, one-bath units Residents enjoy several desirable amenities, including covered carport parking, additional front parking, appliances included in every unit, an on-site laundry facility, and a designated dog area for pet-friendly living. With its attractive unit mix, convenient amenities, and excellent location, this multifamily complex presents a compelling opportunity for investors looking to add a substantial income-producing asset to their portfolio.

Investor Tools

$678,733Estimated Mortgage Balance
$16,278Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,640 /month
Positive
Cash Flow Estimate:
$2,880 /month

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Yanett Rodriguez

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,387
$690,000
2025
$180,079
$509,921
$690,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,387
$690,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plainscapital Bank
Commercial
$735,000
No
First
Mar 24, 2022
Mar 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$678,733
$11,267
1%
98%
$4,407/mo

City: McAllen

2428 Upas Ave | Property Details | No Agent List