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1805 Angelina, DR. 8.42 CAP - Fully Leased 1805 Angelina Dr 4 Unit Apartment Building $495,000 ($123,750/Unit) 8.07% 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! Welcome to Meadow Ridge, a beautiful Small community in a PRIME 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 - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,600
|
$14.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$14.40
|
| Taxes |
$12,829
|
$3.21
|
| Operating Expenses |
$5,034
|
$1.26
|
| Total Expenses |
$17,863
|
$4.47
|
| Net Operating Income |
$39,737
|
$9.93
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $14.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $14.40 |
| Taxes | |
|---|---|
| Annual | $12,829 |
| Annual Per SF | $3.21 |
| Operating Expenses | |
|---|---|
| Annual | $5,034 |
| Annual Per SF | $1.26 |
| Total Expenses | |
|---|---|
| Annual | $17,863 |
| Annual Per SF | $4.47 |
| Net Operating Income | |
|---|---|
| Annual | $39,737 |
| Annual Per SF | $9.93 |
Property Facts
| Price | $495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $123,750 | Building Class | B |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 8.07% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R2 - Multi Family Residential zoning. | ||
| Price | $495,000 |
| Price Per Unit | $123,750 |
| Sale Type | Investment |
| Cap Rate | 8.07% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R2 - Multi Family Residential zoning. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Yard
- Double Pane Windows
- Lawn
- Window Coverings
Site Amenities
- Fenced Lot
- Security System
- Trash Pickup - Curbside
- Smoke Detector
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1805 Angelina, DR. 8.42 CAP - Fully Leased | 1805 Angelina Dr