LEAN estates
MULTI-FAMILY REAL ESTATE INVESTMENTS

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Properties available by LEAN estates and partners.

Deals Available 

***SOLD***16-UNIT APARTMENT COMPLEX

***SOLD***16-UNIT APARTMENT COMPLEX

550,000.00

1801 Washington Ave

Mission, TX 78572

sold out
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SUMMARY

Highlights

Collect $8,250/month OR MORE on this
16 units Apartment Complex
In Mission, TX

Excellent Cash Flowing Property!

  • Are you looking for real passive income?
  • Are you looking to multiply your returns in real estate?
  • Tired of competing over single family units?
  • Now you can own 16 income-producing units through one property purchase!
  • PRICED TO MOVE QUICKLY:  $550,000

Investment Opportunity

  • Purchase Price: $550K plus Assignment Fees

  • Building Class: B

  • Location Class: B

  • Market Retail Value is $675K based on local market CAP of 8.5%


 

Investment Benefits

  • Great Location: Mission/McAllen is one of the top hottest Real Estate markets in Texas

  • 30 min drive to University of Texas Rio Grande Valley

  • 15 min drive to McAllen International Airport

  • Recently Upgraded Interiors

  • Excellent Professional Property Management available

  • 100% Occupancy

  • Rent Increase Upside

  • Additional Revenue from Onsite Coin Laundry

  • CAP Rate on Actuals: 11%

  • NOI on Actuals: $57.4K


 

Property Details

Price: $550,000 - CCR 31%
Address: 1801 Washington Ave
City: Mission
State: TX
Zip Code: 78572

Terms: For Sale
Property Type: Apartment

 

This is an Off-Market Deal

For additional information and an Information Packet see below.

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