Property Listing No Longer Available for Sale

1600 Tamarack Avenue, McAllen, TX

Multi-family for Sale - $4,800,000 - 99,787 Sq. Ft.


Property Info

CIMLS#652879
Location
  1600 Tamarack Avenue
  McAllen TX 78501
UpdatedOctober 4th, 2013
TypeMulti-family
Price$4,800,000
Building99,787 Sq. Ft.

Property Description

Excellent unit mix featuring 6 different bedroom/bath combinations to choose from. Practically every unit has a unique floor plan layout and features new/recent or soon-to-be replaced frost-free refrigerators, dishwashers, electric stoves, electric powered vent hoods, ceiling fans, mini-blinds, and updated lighting and sink hardware. Some deluxe units have crown molding, custom kitchen cabinet hardware, accent wall paint scheme, and tile flooring on downstairs units. Recent new roof replacements have been completed on buildings as needed.

Location Description:

The property is located in the most-desired, fast-growth north-central quadrant of the City of McAllen. According to the Milken Institute, the McAllen MSA is ranked 4th in the nation and #1 in the State of Texas in the creation of new jobs at a rapid pace. One block away to the east is the Crockett Elementary School, one of the few top-rated, exemplary schools in the McAllen ISD, and one block to the west is McAllen High School. Over two dozen churches are located within one mile. The immediate neighbors on all sides of the property are single-family residential homes as the property is located in the midst of extensive established SFR subdivisions.

Highlights:

>> Professional Management Team In Place

>> Excellent Unit Mix With 6 Different Br/Bath Plans

>> Practically Every Unit Has A Unique Floor Plan

>> Top-Rated Schools; 2 Pools; Covered Parking; Cable

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Financials