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SOLD TO PREFERRED BUYER 16-UNIT APARTMENT COMPLEX

$525K

912-913 Athol St
San Juan, TX 78589

SUMMARY

Highlights

Collect $7,760/month OR MORE on this
16 units Apartment Complex
In San Juan(McAllen), 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:  $525,000

Investment Opportunity

  • PURCHASE PRICE: $525K

  • ASSIGNMENT FEE INCLUDED

  • BUILDING CLASS: C

  • LOCATION CLASS: C

  • RENT INCREASE UPSIDE

  • MARKET RETAIL VALUE IS $650K BASED ON LOCAL MARKET CAP OF 8.5%

  • NEW BUYER WILL BE ASSIGNED THE CONTRACT TO CLOSE

  • PROPERTY IS OFFERED FOR SALE TO QUALIFIED BUYERS


Investment Benefits

  • GREAT LOCATION: SAN JUAN MCALLEN IS ONE OF THE TOP HOTTEST REAL ESTATE MARKETS IN TX

  • 20 MIN DRIVE TO UNIVERSITY OF TEXAS RIO GRANDE VALLEY

  • 15 MIN DRIVE TO MCALLEN INTERNATIONAL AIRPORT

  • LOCATED IN HEAVY TRAFFIC AREA AND GREAT VISIBILITY

  • PROFESSIONAL PROPERTY MANAGEMENT AVAILABLE

  • 100% OCCUPANCY

  • CAP RATE: 11% (ACTUALS)

  • NOI: $55,872 (ACTUALS)