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3201 S 6th Lane, Mcallen, TX 78503

$520,000
: 4,754
SqFt

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List Price: $520,000
Status: PENDING
Price Change: ▼ $30,000 1788904221
MLS#: 510192
Year Built: 2025
Living Area: 4,754
Lot Size: 12,496
Acres: 0.29
Subdivision: La Paz
MLS Area Major: Mcallen

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Property Description

RARE INVESTMENT OPPORTUNITY! One of the LARGEST FOURPLEXES currently available in the market, this NEW CONSTRUCTION 2025 multifamily property offers approximately 4,800 SF of living space featuring four spacious units, each with 3 BEDROOMS and 2 FULL BATHROOMS. Each thoughtfully designed unit features an OPEN-CONCEPT FLOOR PLAN, contemporary finishes, modern fixtures WITH SMART LED MIRRORS, quality materials, and energy-efficient construction designed for comfortable, low-maintenance living. A major advantage for investors—THREE UNITS ARE CURRENTLY LEASED, providing IMMEDIATE RENTAL INCOME from day one. Each unit is leased at $1,695 per month including utilities, generating approximately $6,780 in MONTHLY GROSS RENTAL INCOME, $81,360 annually, AND A 9% CAP RATE. Conveniently located in McAllen near major highways, shopping, dining, hospitals, schools, and everyday amenities, this property offers strong tenant appeal and long-term investment potential.

(512) 596-9111

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Additional Information

Amenities: Street Lights
Interior Features: Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Washer
Exterior Features: Other
Taxes: $13,523
Appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Heating: Central, Electric
Air Conditioning: Central Air, Electric
Stories: 1
Foundation: Slab
Parking Features: No Garage
School District: McAllen ISD
Elementary School: Fields
Middle School: Travis
High School: McAllen H.S.