Rio Grande Valley Apartments For Sale: 128 Units in McAllen, Texas

Jackson Square - McAllen, TXMCALLEN, TEXAS – Constructed in 1976, Jackson Square is a well-maintained community comprised of 128 units with two distinct floor plans. Well-appointed units include one and two bedrooms.  Community amenities include a sparkling swimming pool, onsite laundry facilities, picnic areas, a volleyball court, clubhouse and recreation room.  All units feature central air conditioning, ceiling fans and standard appliance packages.  Situated on approximately 8.18 acres, the community boasts a strong history of occupancy, currently at 98 percent.  The asset benefits from its premier downtown location with convenient access to major thoroughfares.  Jackson Square is within walking distance to major retail and McAllen Independent School District schools.  The property is comprised of eight two-story buildings.

The city of McAllen lies at the southern tip of Texas within the dynamic Rio Grande Valley.  At the 2010 census, the city population reached 129,877 residents, while the greater McAllen-Edinburg-Mission Metropolitan Statistical Area was reported at 774,769.  Approximately 12 miles to the south, The Mexican city of Reynosa also plays a key role in the local economy bringing the estimated population to 1.7 Million for the extended Metro Area.  With nearly 10 Million people within 200 miles, McAllen serves as the major retail center in the Rio Grande Valley.

Jackson Square - McAllen, TXFrom its early agricultural roots, McAllen has successfully transitioned into a key city in a major international trade region.  Since the ratification of the North American Free Tread Agreement in 1994, and the designation of Free-Trade and Foreign-Trade Zones throughout the city, by some estimates, exports have increased nearly 90 percent as many new companies have established a manufacturing presence in the region.  Incoming Mexican manufacturing facilities have had a major financial impact on the border economy, driving widespread business and employment opportunities.

McAllen and The Rio Grande Valley continue to work to realize their international trade potential with ongoing highway expansion projects, the addition of the Anzalduas International Bridge in Mission, Texas, and the construction of roadways and railways to connect with the Port of Brownsville, a deep-sea port used for cargo and fishing.  McAllen and surrounding cities constitute one of the fastest growing metropolitan areas in the nation, benefiting from significant cross-border retail traffic from Northeastern Mexican cities, and tourism, which plays a significant role in the local economy as sandy beaches along the Gulf of Mexico continue to attract visitors.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

Patrick Burke | pburke@marcusmillichap.com | 512-338-7836

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