About

The Royal Oaks Apartments is located in the heart of Downtown McAllen, TX. The asset was constructed in 1977,  offers residents an array of amenities and is across the street from a HEB grocery store.

Per owner, there are currently 17 down units. The owner installed mostly new roofs, both pitched and flat for approximately $250K, including new flat roofs on buildings  B, C, E, F, G, H and the laundry building. New shingle roofs were installed on buildings A, B, C, E, F, G, H, I, J and the laundry building. Approximately $100K was expended on exterior rehab/upgrades. Rehab included down units stripped with asbestos abatement, siding work, laundry facility upgrade and drainage improvements.

Reportedly, the property was hit by a major storm in 2022, and subsequently foreclosed, which is why in place expenses are so high.

Located in the heart of an increasingly popular city, Downtown McAllen presents residents with an array of unique shops, diverse restaurants, and entertainment options. The city’s premier entertainment district stretches along 17th Street, which is teeming with vibrant nightlife spots, late-night eateries, and the vintage theater Cine El Ray.

In addition to the many shops in downtown’s core, retail delights abound at the sprawling La Plaza Mall. Residents can uncover the area’s past at several museums, including the McAllen Heritage Center, La Placita, and the nearby Quinta Mazatlán. Outdoor recreation is plentiful at Archer Park, Fireman’s Park, Municipal Park, and Westside Park and Field. Commuting and traveling from Downtown McAllen is easy with access to I-2, I-69C, and McAllen International Airport.

Real Insight Marketplace will host an auction beginning May 19th and ending on May 21st.
Interested parties can get more information and register at  https://rimarketplace.com/auction/2458

Tour Date is Wednesday, May 14th, 11:00AM thru 1:30PM