$3,000,000 2905 Highland Dr. Mcallen, TX

MLS: 29714907   Type: Multi-Family   County: Hidalgo   City: Mcallen   Neighborhood: La Lomita   Zip: 78501     Stories: 2

Mortgage $14,084 /mo



Half Baths

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Download the offering memorandum at http://properties.chopkinsrealestate.com/402479-sale This portfolio consists of twelve freestanding buildings divided among six properties located in two of the most prominent cities in the Rio Grande Valley. There are 29 multifamily units in Edinburg and 30 in McAllen, for a total of 59 units that together make up 52,229 square feet of leasable space. The largest of the Edinburg properties, 1611 Norma, was completed in 1974 and consists of 20 2 bedroom/2 baths, making up a third of the entire portfolio. The largest of the McAllen properties, 2901 - 2909 Highland Ave, was completed in 1980 and consists of 18 2 bedroom/1 bath and also makes up about a third of the entire portfolio. All together, the portfolio commanded $383,000 in scheduled rent in 2017

Elementary School

Middle School

High School

Distance: N/A Miles
6th Grade Campus
Distance: 8.5 Miles
Distance: 0.67 Miles

Price History

11/15/2018 Listed $3,000,000

Community Amenities No Special Amenities
Elementary School ADAM
Energy Features None
High School ACHIEVE
Listing Area McAllen
Listing Status Active
Listing Type Apartment (10+)
Lot Sqft 117612
Middle School 6TH GRADE CAMPUS
School District ALLAMOORE I.S.D.
Special Features None
Status Active
Stories Two
Subdivision LA LOMITA

Interior Features

Conveying Appliances Stove/Range, Refrigerator
Flooring Vinyl/Linoleum
Heating Central
Interior Features None
Total Number of Units 59
Water Heater Electric

Exterior Features

Acreage 2.7
Car Port No Carport
Exterior Brick
Exterior Features None
Fence Type None
Foundation Slab
Garage No Garage
Location Features None
Outbuilding None
Water/Sewer Public

Property Schools

Direct Link:


Gallery (6 photos)

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Property vs Zip Code Avg (78501)

Price 3.00M Avg 493K

Sqr Feet 52,229 Avg 2,089

Cost / Sqr Ft $57 Avg $236

Acres 2.7 Avg 0.37

Visits 42 Avg 43

Days on Site 185 Avg 138

Walkscore® 31 Avg 30

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Chre Cindy Hopkins Real Estate

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Location & Address

Cantwell & Co. Real Estate
421 S 77 Sunshine Strip STE A
Harlingen, TX