Village Apartments 2800 N 30th St 18 Unit Apartment Building $1,299,000 ($72,167/Unit) 6.57% Cap Rate McAllen, TX 78501

INVESTMENT HIGHLIGHTS

  • Renovated Interiors
  • Individually Metered (electric)
  • On Site Pakring
  • Brick Cosntruction
  • 1 bed / 1 bath Units

EXECUTIVE SUMMARY

An excellent investment opportunity awaits in the heart of McAllen, Texas! FULLY OCCUPIED. The property consists of three, 6-plexes which generate a gross annual income of $142,164. The property is cash-flowing, with all appliances included, making it a turnkey addition to your portfolio. Situated on corner lots, this multifamily property features 18+ parking spaces and enjoys a central location close to schools, businesses, and major commercial hubs. Investors have the option to purchase this property as 6 units, 12 units or the full 18-unit package. All units are 1 bed / 1 bath. Don’t miss out on this exceptional opportunity to grow your portfolio with high-performing, centrally located assets.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $128,916 $11.02
Other Income - -
Vacancy Loss - -
Effective Gross Income $128,916 $11.02
Taxes $24,000 $2.05
Operating Expenses $30,600 $2.62
Total Expenses $54,600 $4.67
Net Operating Income $74,316 $6.35

PROPERTY FACTS

Price $1,299,000
Price Per Unit $72,167
Sale Type Investment
Cap Rate 6.57%
Gross Rent Multiplier 10.82
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.64 AC
Building Size 11,700 SF
Average Occupancy 95%
No. Stories 1
Year Built 1984
Parking Ratio 1.54/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 18 $712.50 625 - 700
  • Listing ID: 34974828

  • Date on Market: 2/28/2025

  • Last Updated:

  • Address: 2800 N 30th St, McAllen, TX 78501