Chapa Group Apartments

Invest in the momentum of Hidalgo County and the McAllen MSA with this opportunity to acquire three fully leased apartment subdivisions as residential demand continues to grow. The properties were built to the highest quality and delivered from 2008 to 2017, with most of the units delivered after 2015. The well-maintained properties have units that are refurbished to like-new condition after a tenant vacates. Each community features charming Spanish Colonial Revival architecture characterized by the stucco exterior, arched entries, and red tile rooves.

The Sands Luxury Apartments is an 84-unit community featuring 21 fourplexes delivered from 2008 to 2017 with two covered parking spots per unit. It is the closest property of the portfolio to The University of Texas Rio Grande Valley (UTRGV), which is 2 miles away. Residents can drive to amenities like Lowe’s, Walmart Supercenter, Planet Fitness, Dollar Tree, and dozens of restaurants.

Stony Brook Apartments is a seven-fourplex subdivision comprising 28 units built in 2016. Each fully leased unit is 2,210 square feet with two covered parking spots per unit, and the rent is from $1,050 to $1,250 per month. Stony Brook is ideally positioned for excellent access, with Interstate 69C a mile away. Its surroundings are replete with shopping centers and restaurants, and the nearby schools make this a great living option for families.

Hacienda Santa Lucia Apartments consists of eight large fourplexes with 32 units ranging from 4,392 to 4,652 square feet, and the rent is $1,050 monthly. Built in 2015, these high-quality units present ample opportunity to raise rents. Amenities abound as the subdivision abuts two popular shopping centers and La Plaza Mall is 10 minutes away, which boasts the most sales-per-square-foot of any mall in the US.

As a border region, the area is a major hub for international commerce and cements the market as a long-lasting economic center. From 2023 to 2024, the region saw its border bridge crossings and number of flights increase by 15.42% and 19.5%, respectively. Year-over-year unemployment is down 6.13%, indicating a boom of economic success for the region, and as a result, housing is in high demand. This portfolio is the perfect opportunity to invest in this rising market with assets perfectly positioned to the demand. Inquire now to learn more.