608 W IRIS AVENUE, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
List Price$420,000
608 W Iris Avenue
McAllen, TX 78501
Listing #508615
6,448
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
Exceptional Investment Opportunity -- Fully Leased Fourplex in McAllen! Expand your investment portfolio with this fully leased fourplex offering immediate rental income in a convenient McAllen location. This well-maintained multifamily property features a desirable unit mix of 3 bedroom, 2 bath and 2-bedroom, 1.5 bath units, appealing to a broad range of tenants. Residents enjoy the convenience of on-site parking, separate electric meters with tenants responsible for their own electric service, & quick access to many of McAllen's most popular destinations. Just minutes from H-E-B, shopping centers, restaurants, medical facilities, schools, and the vibrant downtown McAllen district, this property offers the accessibility today's renters value. Whether you're expanding an existing portfolio or purchasing your next income-producing property, this fourplex combines a strong location, established occupancy, & excellent long-term investment potential. Schedule your private tour today!
Property Features
Location Information
County
Hidalgo
Directions
From Business 83, head north on 2nd Street. Turn west onto Iris Avenue. Property will be on the left at 608 W. Iris Ave., McAllen, TX.
Subdivision
Greenway Heights
Interior Features
Interior
Ceiling Fan(s)
Laundry
Laundry Room
Heating
Central, Electric
Appliances
Electric Water Heater, Water Heater (In Attic), Electric Cooktop, Refrigerator
Cooling
Central Air, Electric
Total Number of Units
4
Floors
Laminate
Features
Street Lights
Exterior Features
Construction
Brick
Parking Spaces
4
Foundation
Slab
Fencing
None
Roof
Composition Shingle
Lot Size in Acres
0.209
Possession
Closing and Funding
Lot Size in Sq. Ft.
9,117
Septic or Sewer
City Sewer
Buildings
Laundry Facility
Water
Public
Energy Features
None
Parking Description
Detached
Road Description
Paved
Garage Spaces
0
School
Elementary School District
McAllen ISD
Middle School
Cathey
Elementary School
Milam
High School
Memorial H.S.
Additional Information
Property Type
RI
Units in Complex
4
Property SubType
Quadruplex
Taxes
5751
Year Built
1975
Tax Year
2025
APN
G820000000000600
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$1,961
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,513
Monthly Tax
$350
Monthly Insurance
$98
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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