LPT Realty LLC
Listed by LPT Realty LLC
$450,000
2305 N 32nd Street N
Details
APN L132000000011300
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 5,848
Units 25
Cap Rate 6.00%
Class C
Year Built 2002
Buildings 1
Acreage 0.420
8-Unit Value-Add Opportunity in the Heart of McAllen
Marketing description
8-Unit Multifamily Investment Opportunity in McAllen
A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased.
The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces,
Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.
Listing Contacts
LPT Realty LLC
Listed by LPT Realty LLC
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