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$225,000

600 Wichita Avenue 405 & 404, McAllen, TX, 78503

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,607 Sq Ft
price_per_sqft$140.01 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater, Water Heater
FlooringOther, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2,291 sqft

Building Information

Year Built1978
Stories1
Roof Type183
Garage Spaces1

Land Information

APNT3200-00-00A-0202-00
SubdivisionThe Fairway Condominiums - Sml
Land UseResidential
Legal DescriptionTHE FAIRWAY CONDOMINIUMS APT 202 - BUILDING A
Census Tract021204
Assessed Land Value$52,746
Assessed Improvement Value$115,730
Assessment Year2025

About this property

Experience luxury high-rise living at the iconic Fairway Condominiums. Located on the fourth floor, this beautifully appointed residence offers 3 bedrooms, 2 bathrooms, and an open, spacious floor plan designed for both comfortable living and effortless entertaining. Floor-to-ceiling windows and oversized sliding glass doors fill the home with natural light while showcasing beautiful views overlooking the resort-style pool. Step onto your private balcony to enjoy your morning coffee or unwind in the evening while taking in the peaceful surroundings. Designer finishes throughout include rich wood flooring, custom built-ins, and thoughtfully curated modern touches that create a sophisticated yet inviting atmosphere. Situated in a gated community in South McAllen, residents enjoy convenient access to premier shopping, dining, hospitals, McAllen International Airport, & the McAllen Country Club.

Investor Tools

$0Estimated Mortgage Balance
$227,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,362 /month
Positive
Cash Flow Estimate:
$454 /month

Interested in this property?

Carina Veale

Veale Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
$960/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,071
$168,476
2025
$52,746
$115,730
$168,476
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,071
$168,476

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$227,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,340/mo
$960/mo
+$380/mo
7.1%

City: McAllen

600 Wichita Avenue 405 & 404 | Property Details | No Agent List