About This Home
This 0-bedroom, 0-bathroom commercial at 809 N Ware Road in McAllen, TX is listed for $665,000 ($238 per sqft). Built in 1998, the home offers 2,790 sqft of living space on a 0.20 acres lot.
Key Features
- Built in 1998
- 0.20 acre lot
- 18 parking spaces
Property Details
Amenities
Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate-making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income.
You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space-an opportunity you don't want to miss. Let's talk!
Monthly Cost Estimate
$3,557/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
809 N Ware Road
McAllen, TX 78501
Villa Bonita
Property Details
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 809 N Ware Road is listed at $665,000 ($238/sqft). The estimated monthly payment is $3,557 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1998, 0.20 acre lot, 18 parking spaces.
This property is listed by Alejandra E. Cobos and can be reached at 9568021982.
