1201 E Iris AVE, Mcallen, TX 78504
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1201 E Iris AVE, Mcallen, TX 78504
1201 E Iris AVE, Mcallen, TX 78504
1201 E Iris AVE, Mcallen, TX 78504
1201 E Iris AVE, Mcallen, TX 78504
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Listed by WINNERS CIRCLE
$ 975,000
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1201 E Iris AVE Mcallen, TX 78504

6,639 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,639 sqft

Subdivision Park Terrace

MLS Listing ID 509959

HOA Fees $600/ann

HOA Y/N Yes

Year Built 2024

Annual Tax Amount $16,027

Tax Year 2025

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Multi Family

Source Greater McAllen

Property Description

Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand.
The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.

Location

State TX

County Hidalgo

Community Gated, Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s), Dryer, Microwave, Washer

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Appliance Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator

Laundry Laundry Area, Washer/Dryer Connection

Exterior

Exterior Feature Other

Carport Spaces 8

Fence Wood

Community Features Gated, Sidewalks, Street Lights

View Y/N No

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Faces Jackson & Jonquil - Go north Nolana and turn right to Jackson Rd. Drive one block and turn to Jonquil Ave. New Subdivision - Park Terrace.

Story 1

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Stucco

New Construction No

Schools

Elementary Schools Milam

Middle Schools Cathey

High Schools Memorial H.S.

Others

Tax ID P375800000005800

Security Features Smoke Detector(s)


Richard Ray
Richard Ray

Agent | License ID: 831528-SA

+1(956) 672-7775 | richardraysellingsouthtexas@gmail.com

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1201 E Iris AVE