High yieldStabilized
$1,750,000
20-Unit Multifamily in Mcallen, TX
TX · listed Sep 20, 2024 (768 days)
Price per unit compared
This property$88K
Within ~40 mi (200)$82K
Texas median (1,196)$92K
- $/unit
- $87,500
- ▼ 5% vs TX · 46th pct
- Cap rate
- 9%
- ▲ 1.6 pts vs TX median
- Gross yield
- —
- Units
- 20
- 4 bldg · 2016
Financials
- Asking price
- $1,750,000
- Price per unit
- $87,500
- Price per sq ft
- $105
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 9%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- Not stated
- Buildings
- 4
- Year built
- 2016
- Building size
- 16,624 sq ft
- Avg unit size
- 831 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 20, 2024
- Days on market
- 768 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2203
About this property
Investment opportunity in McAllen, Texas. Prime location with easy access to Expressway 83, close to shops, restaurants, malls, hospitals, grocery stores. 20 Fully Occupied Units. 12 uniits built in 2018 and 8 units build in 2021.
20 Occupied Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Pharr, TXHigh yield | $850K | $53K$53K | 10.5% |
 Pharr, TXStabilized | $2.22M | $82K$82K | — |
 Pharr, TXStabilized | $520K | $65K$65K | 7% |
 Pharr, TXStabilized | $880K | $73K$73K | — |
 Pharr, TX | $520K | $65K$65K | 7% |
 Mcallen, TXOwner financingStabilized | $650K | $81K$81K | — |