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$99,900

1301 S 16th St, MCALLEN, TX, 78501

$109,420 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths715 Sq Ft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size1,999 sqft

Building Information

Year Built1977
Stories1
Roof Type105

Land Information

APNC9200-00-000-0012-00
Lot Number12
SubdivisionCowley - Sml
Land UseResidential
Legal DescriptionCOWLEY LOT 12
Census Tract021100
Assessed Land Value$46,000
Assessed Improvement Value$25,894
Assessment Year2025

About this property

Rare opportunity in one of McAllen's most desirable investment areas! Just blocks from La Plaza Mall, McAllen International Airport, Interstate 2, the upcoming Boeye Development Project, and Downtown McAllen. This property sits in the heart of the city's most dynamic growth corridor. Located on the corner of Bicentennial Blvd (18th Street) and Mobile Ave, this property all the benefits of the neighborhood's prime location providing investors maximum flexibility for development. Zoned R2 allowing Single or Multi Residential units. Situated where development continues to expand, this is one of the very few corner properties currently available. Potential exists for rezoning for alternative uses. Price to sell!!

Investor Tools

$0Estimated Mortgage Balance
$89,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$109,420
Rent-to-Value Ratio: 0.72%
Rent Estimate
$599 /month
Positive
Cash Flow Estimate:
$200 /month

Interested in this property?

GLENDA DE LEON

Keller Williams Heritage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$897
$56,768
2025
$46,000
$25,894
$71,894
No

Tax History

Year
Tax Paid
Assessed Value
2024
$897
$56,768

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$89,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$900/mo
N/A
+$900/mo
12.1%

City: MCALLEN

1301 S 16th St | Property Details | No Agent List