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1408 E Iris Avenue, Mcallen, TX 78501

$555,000
: 4,500
SqFt

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List Price: $555,000
Status: ACTIVE
Price Change: ▼ $10,000 1783657899
MLS#: 494685
Year Built: 2023
Living Area: 4,500
Lot Size: 10,288
Acres: 0.24
Subdivision: Park Terrace
MLS Area Major: Mcallen

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Property Description

Modern fourplex in a gated community with controlled access. The property consists of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, providing an ideal mix for strong rental demand. Each unit features a modern design and comes fully equipped with washer, dryer, microwave, stove, and refrigerator. Contemporary finishes, functional layouts, and quality construction make this a low-maintenance asset built for long-term performance. Located in an amazing area close to the expressway, shopping centers, restaurants, hospitals, and schools, this property offers convenience and strong tenant appeal. Situated within a gated community, it provides added privacy and security. Whether you're an investor seeking a turnkey, cash-flowing asset or a first-time buyer looking to offset your mortgage with rental income, this fourplex presents a rare opportunity in one of McAllen’s most desirable locations.

(512) 596-9111

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Additional Information

Amenities: Gated, Sidewalks, Street Lights
Interior Features: Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
Exterior Features: Sprinkler System
Taxes: $12,859
HOA Fee: $500
HOA Frequency: Annually
Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Heating: Central
Air Conditioning: Central Air
Stories: 1
Foundation: Slab
Parking Features: Garage Faces Rear
School District: McAllen ISD
Elementary School: Milam
Middle School: Cathey
High School: Memorial H.S.