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(512) 596-9111
eReal Estate Depot
809 N Ware Road, Mcallen, TX 78501
- $599,000
- 2,790
- SqFt
- List Price
- $599,000
- Status
- ACTIVE
- Price Change
- ▼ $66,000 1788227873
- MLS#
- 498964
- Year Built
- 1998
- Living Area
- 2,790
- Lot Size
- 8,664
- Acres
- 0.20
- Subdivision
- Villa Bonita
- MLS Area Major
- Mcallen
Property Description
Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate—making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income. You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space—an opportunity you don’t want to miss. Let’s talk!
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Additional Information
- Interior Features
- Storage
- Taxes
- $7,339
- Zoning
- CO
- Appliances
- Water Heater (Other Location)
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 1
- Parking Features
- Blacktop
- Garage Spaces
- 16
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Listing courtesy of Alejandra E. Cobos with Cobos Real Estate Services Llc