1200 Nolana Ave | McAllen, TX 78504
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1200 Nolana Ave
McAllen, TX 78504
The Luke Apartments · Multifamily Property For Sale · 144 Units
Investment Highlights
- - Current ownership has renovated 58% of the units, commanding a $110 premium over effective rents
- - Most units offer spacious walk-in closets and an upstairs balcony or downstairs patio
- - The property is located in a premier school district with high, 1-mile medium HH income of $88,604
- - Interior renovations include new luxury vinyl tile or carpet, two-tone paint, updated/replaced cabinets & counter tops, modern lighting fixtures, an
- - New ownership, based upon similar area rent comps, can raise rents by an average of $154/unit/month
- - The Luke offers diverse floor plans as 61% of the units are two-bedroom or three-bedroom options
PROPERTY FACTS
| No. Units | 144 | Building Size | 129,688 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2022 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 3.53 AC |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.53 AC |
| Building Size | 129,688 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 2.19/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Tub/Shower
- Grill
- Freezer
- Garden
- Office
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Grill
- Maintenance on site
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | - | 655 |
| 2+1 | 8 | - | 821 |
| 2+1.5 | 28 | - | 955 |
| 2+2 | 22 | - | 1,075 |
| 3+2 | 24 | - | 1,131 |
| 3+2.5 | 6 | - | 1,570 |
zoning
| Zoning Code | R-3A |
| R-3A |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
