Listed by SVN | Hanna Solutions Commerical Real Estate
$449,000
2513 Beaumont Avenue
Details
APN A300000019001000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 3,660
Units 5
Cap Rate 12.39%
NOI $55,623
Tenancy Single
Year Built 1971
Buildings 1
Acreage 0.155
Sale Condition 1031 exchange
Multifamily | 5 Units | $90,000/unit
Marketing description
A renovated 5-unit short-term rental portfolio in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing. Airbnb with 300+ reviews, strong guest demand, and a proven operating history.
At a 32.6% expense ratio this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
Investment highlights
- 5-unit multifamily short-term rental portfolio totaling 3,660 SF
- Unit mix: four 2BR/1BA units and one 1BR/1BA unit
- Seller-reported FY 2025 NOI of $55,623
- 12.36% cap rate at $450,000 asking price
- $82,563 seller-reported gross revenue
- 32.6% seller-reported operating expense ratio
- Located near McAllen's Medical Corridor
- Near Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall
- Paved on-site parking
- 1031-exchange friendly investment opportunity
Listing Contacts
Listed by SVN | Hanna Solutions Commerical Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,623.00
$4,635.25/mo
Valuation Metrics
0
DSCR
12.39%
Cap Rate
12.39%
ROI
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