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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1425 E Iris Avenue in McAllen, TX is listed for $510,000 ($118 per sqft). Built in 2023, the home offers 4,320 sqft of living space on a 0.21 acres lot.
Prime investment opportunity, this fully occupied fourplex offers exceptional convenience just minutes from DHR, the medical district, dining, and retail destinations. Nestled in the Park Terrace subdivision at the southwest corner of Jackson Road and Jonquil Avenue, the property boasts a striking mid-century modern aesthetic.
The property consists of two buildings with a total of four units, featuring a balanced mix of one 2-bedroom, 2-bathroom unit and one 1-bedroom, 1-bathroom unit in each building. A great opportunity to own a well-maintained, fully leased property in a premier location.
Key Features
- Built in 2023
- 0.21 acre lot
- 8 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,228/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1425 E Iris Avenue
McAllen, TX 78501
Park Terrace
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1425 E Iris Avenue is listed at $510,000 ($118/sqft). The estimated monthly payment is $2,710 based on 20% down at 6.5% interest.
HOA fees are $500/month.
Key features include: Built in 2023, 0.21 acre lot, 8 parking spaces.
This property is listed by Jaime Lee Gonzalez and can be reached at 9565998400 or jaime@jlgrealtor.com.
