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317 N 28th Street, Mcallen, TX 78501

$689,000
: 7,200
SqFt

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List Price: $689,000
Status: ACTIVE
Price Change: ▼ $10,000 1779566934
MLS#: 504739
Year Built: 1993
Living Area: 7,200
Lot Size: 10,998
Acres: 0.25
Subdivision: Alaniz
MLS Area Major: Mcallen

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Property Description

High-Cashflow 8-Unit Multifamily | Fully Renovated | $80K+ Annual Income Discover this turnkey 8-unit investment property in the heart of McAllen, TX, delivering strong, stable cashflow exceeding $80,000 per year. Each unit offers 2 bedrooms and 1 bathroom, featuring fully renovated interiors with new kitchens, modern flooring, updated showers, and all-new systems throughout — ensuring minimal maintenance and long-term durability. Unit Rents: $850–$975/month Occupancy: 100% leased Parking: 16 dedicated spaces Utilities: Separately metered; tenants pay all utilities The property’s comprehensive exterior and interior renovations give it a clean, modern appeal that attracts and retains quality tenants. With all upgrades complete, this is a true turnkey asset offering immediate income and long-term appreciation potential. Ideal for investors seeking reliable cashflow, strong yield, and hands-off management in a thriving McAllen rental market.

(512) 596-9111

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Additional Information

Amenities: Sidewalks, Street Lights
Interior Features: Ceiling Fan(s)
Exterior Features: Balcony, None
Taxes: $7,983
Appliances: Electric Water Heater, Other
Heating: Central, Electric
Air Conditioning: Central Air, Electric
Stories: 1
Foundation: Slab
Parking Features: No Carport, No Garage
School District: McAllen ISD
Elementary School: Alvarez
Middle School: Travis
High School: Memorial H.S.