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1805 Angelina Dr - 1805 Angelina, DR. 8.42 CAP - Fully Leased 4 Unit Apartment Building Offered at $510,000 at a 8.42% Cap Rate San Juan, TX 78589
INVESTMENT HIGHLIGHTS
- Outstanding location! Very close to great schools, medical complexes, college campus, etc. very desierable for tenants
- Units are well maintained, modern design, and have low mainteance exteriors and interiors.
- This neighboor hood is quite and the HOA maintanins common areas
EXECUTIVE SUMMARY
Fully leased and an 8.42 CAP Rate! Down load the offering memorandum for more details. Welcome to Meadow Ridge, a beautiful Small community in a PRIMEk area. Modern design with ALL 4 - 3 bed/2 bath units. Long lasting high quality surfaces, and built in features that attract tenants. Quality design with Stainless Steel kitchen appliances, and Microwave,Washer/Dryer included in units, kitchen has thick quartz countertops, walk-in closets and private yards located very close to the McAllen Texas metro area, colleges like University of Texas Rio Grand. Valley, the City Center, restaurants, shopping, and the. La Plaza Mall. This is in a quiet Area but close to everything. These units are perfect for anyone one looking for an investment property. With a gray neutral color scheme that flows from the exterior into the interior of each unit, this property has a clean and sleek design that is very popular.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$5,050
|
$1.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$5,050
|
$1.26
|
| Taxes |
$1,069
|
$0.27
|
| Operating Expenses |
$403
|
$0.10
|
| Total Expenses |
$1,472
|
$0.37
|
| Net Operating Income |
$3,578
|
$0.89
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $5,050 |
| Annual Per SF | $1.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $5,050 |
| Annual Per SF | $1.26 |
| Taxes | |
|---|---|
| Annual | $1,069 |
| Annual Per SF | $0.27 |
| Operating Expenses | |
|---|---|
| Annual | $403 |
| Annual Per SF | $0.10 |
| Total Expenses | |
|---|---|
| Annual | $1,472 |
| Annual Per SF | $0.37 |
| Net Operating Income | |
|---|---|
| Annual | $3,578 |
| Annual Per SF | $0.89 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $1,275 | 980 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Bryan Bjerke
1805 Angelina Dr - 1805 Angelina, DR. 8.42 CAP - Fully Leased
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