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3305 Frio Ave

4 Unit Apartment Building $540,000 ($135,000/Unit) 7% Cap Rate McAllen, TX 78504

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Investment Highlights

Newer fourplex in McAllen,TX

Executive Summary

Newer fourplex available in McAllen,TX. This fourplex features granite countertops , tile flooring, open floor plans. There are two 3 bedroom units and two 2 bedroom units. All units are individually metered for electricity and water. Tenants pay for their utilities.
All units are occupied.

Property Facts

Price	$540,000	Apartment Style	Low Rise
Price Per Unit	$135,000	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	7%	Building Size	4,012 SF
Sale Conditions	1031 Exchange	Average Occupancy	100%
No. Units	4	No. Stories	1
Property Type	Multifamily	Year Built	2022
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1.99/1,000 SF

Price	$540,000
Price Per Unit	$135,000
Sale Type	Investment
Cap Rate	7%
Sale Conditions	1031 Exchange
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.17 AC
Building Size	4,012 SF
Average Occupancy	100%
No. Stories	1
Year Built	2022
Parking Ratio	1.99/1,000 SF