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16-Unit Apartment Complex Under Contract

16-Unit Apartment Complex

1801 Washington Ave

Mission, TX 78572

  • Purchase Price: $545K plus Assignment Fees
  • Building Class: B
  • Location Class: B
  • Market Retail Value is $675K based on local market CAP of 8.5%
  • 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
  • 100% Occupancy
  • Rent Increase Upside
  • Additional Revenue from Onsite Coin Laundry
  • CAP Rate on Actuals: 11%
  • NOI on Actuals: $57.4K

 Contact us for more information

DealsMarco Zacarias