1200 Nolana Avenue, McAllen, TX

Multi-family for Sale ‐ $6,200,000 ‐ 132,300 Sq. Ft. on 7.99 acres


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Agent Info

NameTony Roubik
CompanySperry Van Ness

Property Info

CIMLS #137558
Location1200 Nolana Avenue
McAllen TX 78504
Last UpdatedAugust 19th, 2011
TypeMulti-family
Price$6,200,000
Building Size132,300 Sq. Ft.
Lot Size7.99 acres

Contact


Property Description

Excellent unit mix with 8 different floor plans to choose from including flats and 2-story townhome layouts. Spacious units average over 900 sq. ft. in size and feature 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 and sewer replacements on buildings as needed.

Amenities/Facilities

Two gunite pools with concrete pool decking, wrought iron fencing and pool furniture. Two laundry rooms, each with 6 coin-op washers, 6 coin-op dryers and a Coca-Cola vending machine. Downstairs units feature large patios with wood picket privacy fencing. Upstairs units have balconies. On-site leasing/management office. One assigned covered parking space per unit. Extensive landscaping. Large open grass areas for kids to play. Security patrol after 10:00 pm. Entire property well illuminated.

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. The immediate neighbor directly across the street to the south is the Ben Milam Elementary School, one of the few top-rated, exemplary schools in the McAllen ISD. Immediately to the west is the highly regarded Central Christian private school. Immediately to the east is the Northcross Shopping Center, one of the premier shopping centers serving the north McAllen market area, providing easy walking distance access to numerous retail stores and restaurants. It is located on the northwest corner of the intersection of Nolana Avenue and 10th Street, the highest traffic count intersection in McAllen, with over 110,000 cars per day passing by. To the north and further to the south, east and west of the property are extensive established SFR subdivisions.

Property Website:

http://www.svn.com/aspx/pws/Template2/default.aspx?TranID=44258


Location