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Leased Luxury Fourplex in Eldorado Estates 12638 N. 33rd Ln 4 Unit Apartment Building $515,000 ($128,750/Unit) 7.63% Cap Rate McAllen, TX 78504
INVESTMENT HIGHLIGHTS
- Fully leased-Outstanding buid quality attracts great tenants
- So close to beautiful outdoor recreation with playgrounds, ball fields, small concert venue, 20 Miles of bike/walking trails, and MORE!
- Fantastic private community layout, wide roads, gated community make families feel comfortable
EXECUTIVE SUMMARY
This FULLY LEASED brand new Fourplex is in a highly desirable locations that tenants will love. Imagine how great your tenants will feel when they see the new Stainless Steel Kitchen appliances, and they get to take the label off the new Washer and Dryer!! This private gated community spans over 150 developed acres, just 5 min from Tres Lagos with all the recreation tenants could desire. The surrounding neighborhood is near quality public schools, coffee shops, supermarkets, wine bars, fine dining, yoga classes, day care, parks and recreation, stadiums and entertainment venues, and a University of Texas campus with over 31,000 students just 10 minutes away. Featuring a Fourplex built to custom home standards with decorative recessed ceilings and high-end finishes. Stainless steel refrigerators,microwave, range, washer, dryers, and window coverings are included in the package. All large 4 units-2 are 3bed/2 ba 1175 sq ft each and 2- are 2bed/2ba 915 sq ft each
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,540
|
$13.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,540
|
$13.87
|
| Taxes |
$11,000
|
$2.65
|
| Operating Expenses |
$7,268
|
$1.75
|
| Total Expenses |
$18,268
|
$4.40
|
| Net Operating Income |
$39,272
|
$9.46
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,540 |
| Annual Per SF | $13.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,540 |
| Annual Per SF | $13.87 |
| Taxes | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $2.65 |
| Operating Expenses | |
|---|---|
| Annual | $7,268 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $18,268 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $39,272 |
| Annual Per SF | $9.46 |
PROPERTY FACTS
| Price | $515,000 | Building Class | B |
| Price Per Unit | $128,750 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,150 SF |
| Cap Rate | 7.63% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family Residental - Multi-Family (Fourplex) Residential zoning | ||
| Price | $515,000 |
| Price Per Unit | $128,750 |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,150 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | Multi-Family Residental - Multi-Family (Fourplex) Residential zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Framed Mirrors
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,350 | 1,175 |
| 2+2 | 1 | $1,175 | 915 |
| 3+2 | 1 | $1,195 | 1,175 |
| 3+2 | 1 | $1,075 | 915 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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Presented by
Bryan Bjerke
Leased Luxury Fourplex in Eldorado Estates | 12638 N. 33rd Ln
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