Luxury Fiveplex San Juan Texas | 104 Lauryn Dr
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Luxury Fiveplex San Juan Texas 104 Lauryn Dr
5 Unit Apartment Building $545,000 ($109,000/Unit) 9.04% Cap Rate San Juan, TX 78589
Investment Highlights
- Quet Gated subdivision but close to School's and Freeway access, Shopping, Stores, Restaurants, Banks, etc.
- Stainless Steel Refrigerator, Stove/Oven, Microwave and Washer Dryer included,blinds included
- High quality build and architectural styling
Executive Summary
This is a brand new Leased Fiveplex in a small Gated community right off Nolana Loop in San Juan Texas, which is a community near the larger McAllen Metro area. Welcome to Christian Estates! Modern design LEASED FIVEPLEX generating $5575 a month income. excellent unit mix to maximize your return. 1) 3 bed/2 ba 1) 2bed/2ba and 3) 1bed/1ba units. Long lasting high quality surfaces, and built in features that attract tenants. Quality carpenter CUSTOM built cabinets, Stainless Steel kitchen appliances, and Microwave,Washer/Dryer included in units. Walk-in closets, extra storage and private water closet in master set these units apart from others. Located very close to McAllen, UTRGV, City Center, restaurants, shopping, La Plaza Mall. Quiet Area but close to everything. These units are perfect for anyone one looking for an investment property. With a gray neutral color scheme that flows from the exterior into the interior of each unit, this property exuberates with a clean and sleek design.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,900
|
$16.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,900
|
$16.24
|
| Taxes |
$11,900
|
$2.89
|
| Operating Expenses |
$5,718
|
$1.39
|
| Total Expenses |
$17,618
|
$4.28
|
| Net Operating Income |
$49,282
|
$11.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $66,900 |
| Annual Per SF | $16.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,900 |
| Annual Per SF | $16.24 |
| Taxes | |
|---|---|
| Annual | $11,900 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $5,718 |
| Annual Per SF | $1.39 |
| Total Expenses | |
|---|---|
| Annual | $17,618 |
| Annual Per SF | $4.28 |
| Net Operating Income | |
|---|---|
| Annual | $49,282 |
| Annual Per SF | $11.96 |
Property Facts
| Price | $545,000 | Apartment Style | Low Rise |
| Price Per Unit | $109,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 9.04% | Building Size | 4,120 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.94/1,000 SF |
| Price | $545,000 |
| Price Per Unit | $109,000 |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 4,120 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.94/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Double Pane Windows
- Family Room
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,350 | 1,114 |
| 2+2 | 1 | $1,275 | 987 |
| 1+1 | 1 | $975.00 | 619 |
| 1+1 | 1 | $975.00 | 619 |
| 1+1 | 1 | $1,000 | 619 |
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zoning
| Zoning Code | Multi-Fmaily Residental (Residential Multi-Family zoning.) |
| Multi-Fmaily Residental (Residential Multi-Family zoning.) |
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Luxury Fiveplex San Juan Texas | 104 Lauryn Dr
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