408 E ULEX AVENUE, MCALLEN, TX 78504
Homes for sale in Mcallen.
Homes for sale in 78504.
408 E Ulex Avenue
McAllen, TX 78504
List Price$1,275,000
Listing #485865
10,376
Square Feet
12
Number of Units
Multi-Unit Residential
Type
About This Property
Exceptional investment opportunity in the heart of McAllen! This well-maintained 12-plex located at 408 Ulex Ave is the perfect addition to any investor's portfolio. Each unit offers comfortable living spaces and is designed for easy maintenance and consistent rental income. The property is located in a high-demand rental area, close to shopping centers, schools, restaurants, and major roadways--making it ideal for long-term tenants. The complex features a solid rental history and water is included, simplifying management and reducing tenant turnover. With McAllen's growing rental market and strong economic stability, this property offers the potential for excellent cash flow and appreciation. Whether you're a seasoned investor or just starting out, this 12-unit property presents a rare opportunity to own a multi-family complex in one of the Valley's most desirable areas.
Property Features
Location Information
County
Hidalgo
Directions
Head north on N 10th St toward W Nolana Ave, Turn right at the 1st cross street onto W Nolana Ave, Turn left onto N C St/N Chai/N Chai C St, Turn right onto E Ulex Ave, Complex will be in the corner to your Right
Subdivision
Violet Terrace
Interior Features
Interior
Ceiling Fan(s), Dryer, Walk-In Closet(s), Washer
Laundry
Laundry Closet
Heating
Central
Appliances
Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Cooling
Central Air
Total Number of Units
12
Floors
Tile
Features
None, Sidewalks, Street Lights
Exterior Features
Construction
Brick
Parking Spaces
0
Exterior
Mature Trees
Fencing
None
Foundation
Slab
Lot Description
Corner Lot, Sidewalks
Roof
Shingle
Lot Size in Acres
0.597
Possession
Closing and Funding
Lot Size in Sq. Ft.
26,023
Septic or Sewer
City Sewer
Buildings
Outbuilding (None)
Security Features
Smoke Detector(s)
Energy Features
None
Parking Description
Garage Faces Side
Road Description
Paved
Garage Spaces
0
School
Elementary School District
McAllen ISD
Middle School
Cathey
Elementary School
Gonzalez
High School
Memorial H.S.
Additional Information
Property Type
RI
Units in Complex
12
Property SubType
Multi Family
Taxes
21188
Year Built
2000
Tax Year
2025
APN
V417000000002100
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$5,953
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,594
Monthly Tax
$1,062
Monthly Insurance
$297
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
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