3201 S 6th Lane, Mcallen, TX 78503
- $580,000
- 4,754
- SqFt
- List Price
- $580,000
- Status
- ACTIVE
- MLS#
- 510192
- Living Area
- 4,754
- Lot Size (Acres)
- 0.2869
- Year Built
- 2025
Property Description
RARE INVESTMENT OPPORTUNITY! One of the LARGEST FOURPLEXES currently available in the market, this NEW CONSTRUCTION 2025 multifamily property offers approximately 4,800 SF of living space featuring four spacious units, each with 3 BEDROOMS and 2 FULL BATHROOMS. Each thoughtfully designed unit features an OPEN-CONCEPT FLOOR PLAN, contemporary finishes, modern fixtures WITH SMART LED MIRRORS, quality materials, and energy-efficient construction designed for comfortable, low-maintenance living. A major advantage for investors—ALL FOUR UNITS ARE CURRENTLY LEASED, providing IMMEDIATE RENTAL INCOME from day one. Each unit is leased at $1,495 per month, generating approximately $5,980 in MONTHLY GROSS RENTAL INCOME, $71,760 annually, AND A 9% CAP RATE. Conveniently located in McAllen near major highways, shopping, dining, hospitals, schools, and everyday amenities, this property offers strong tenant appeal and long-term investment potential.
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Additional Information
- Area
- Mcallen
- Subdivision
- La Paz
- Taxes
- $13,523
- Tax Year
- 2025
- Stories
- 1
- Interior Features
- Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Washer
- Amenities
- Street Lights
- Living Area
- 4,754
- Exterior Features
- Other
- Community Features
- Street Lights
- Lot Size
- 12,496
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Sewer
- City Sewer
- School District
- McAllen ISD
- Elementary School
- Milam
- Middle School
- De Leon
- High School
- Memorial H.S.
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Listing courtesy of Mary Baki with Fox Real Estate Pros