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
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$11.02
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$128,916
![]() |
$11.02
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Taxes |
$24,000
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$2.05
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Operating Expenses |
$30,600
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$2.62
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Total Expenses |
$54,600
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$4.67
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Net Operating Income |
$74,316
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$6.35
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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 |
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