1316 E HIBISCUS AVENUE, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
1316 E Hibiscus Avenue
McAllen, TX 78501
List Price$547,500
Listing #483846
4,216
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
LIKE NEW Fully Leased & Cash-Flowing 4-Plex in Prime McAllen Location -- Outstanding investment in the sought-after Park Terrace neighborhood, just south of Nolana and close to Jackson Rd. This income-generating property features four fully occupied units: two 2BD/2BA and two 3BD/2BA -- an ideal mix for consistent rental demand. Each unit comes equipped with full appliances, including washer and dryer. Just minutes from Doctor's Hospital at Renaissance and Expressway 281, with easy access to shopping, dining, and entertainment. Whether you're looking to grow your portfolio or live in one unit while renting the rest, this is a rare opportunity to own a performing asset in one of McAllen's most desirable areas. Two units are currently month to month with long term tenants which means there is an opportunity for this to be an owner occupied investment option or for new owner to adjust rental prices if they see fit. All in all, this is a great opportunity you don't want to pass up.
Property Features
Location Information
County
Hidalgo
Directions
From Nolana and Jackson. Head South on Jackson, turn right on Jonquil Ave. New Subdivision is on the left side. The property is located on Hibiscus which is the South side of the property when entering from Jonquil.
Subdivision
Park Terrace
Interior Features
Interior
Built-in Features, Ceiling Fan(s), Crown/Cove Molding, Decorative/High Ceilings, Dryer, Microwave, Washer
Additional Equipment
2-10 Year Warranty
Heating
Central, Electric
Appliances
Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Cooling
Central Air, Electric
Total Number of Units
4
Floors
Tile
Features
Curbs, Gated, Sidewalks, Street Lights
Laundry
Laundry Closet
Windows/Doors Description
Energy Features (Double Pane Windows)
Exterior Features
Construction
Stucco
Parking Spaces
8
Foundation
Slab
Fencing
Privacy, Wood
Roof
Composition Shingle
Patio / Deck Description
Patio Slab
Possession
Closing and Funding
Lot Description
Curb & Gutters, Professional Landscaping, Sidewalks
Septic or Sewer
City Sewer
Lot Size in Acres
0.235
Water
Public
Lot Size in Sq. Ft.
10,250
Utilities
Cable Available
Buildings
Outbuilding (None)
Security Features
Smoke Detector(s)
Energy Features
Energy Star
Parking Description
No Garage
Road Description
Paved
Garage Spaces
0
School
Elementary School District
Mercedes ISD
Middle School
Cathey
Elementary School
Milam
High School
Memorial H.S.
Additional Information
Is a Gated Community
Yes
Units in Complex
4
Property Type
RI
HOA Fee
$500
Property SubType
Quadruplex
HOA Frequency
Annually
Year Built
2023
Taxes
11468
APN
P375800000000600
Tax Year
2025
Status
Active
Square Feet Source
HidalgoCAD
Similar Listings
Mortgage Calculator
$2,555
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,972
Monthly Tax
$456
Monthly Insurance
$127
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder