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9 Unit-Washington Apartments 201 E Washington Ave 9 Unit Apartment Building $465,000 ($51,667/Unit) 13.75% Cap Rate Harlingen, TX 78550
INVESTMENT HIGHLIGHTS
- High cash flowing MF property
- Easy access to Sunshine Strip/N 77
- A block away from Lake Harlingen
EXECUTIVE SUMMARY
High-income apartments for sale
Fully managed. Immediate cash flow.
Limited availability
Call or text now (713) 837-7670
Fully managed. Immediate cash flow.
Limited availability
Call or text now (713) 837-7670
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $465,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 13.75% | Building Size | 6,257 SF |
| Gross Rent Multiplier | 6.4 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.16/1,000 SF |
| Zoning | B | ||
| Price | $465,000 |
| Price Per Unit | $51,667 |
| Sale Type | Investment |
| Cap Rate | 13.75% |
| Gross Rent Multiplier | 6.4 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 6,257 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2022 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $625.00 | - |
| 2+2 | 2 | $675.00 | - |
| 2+1 | 2 | $675.00 | - |
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PROPERTY TAXES
| Parcel Number | 195810-0030-010000 | Total Assessment | $213,075 (2025) |
| Land Assessment | $90,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $122,775 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
195810-0030-010000
Land Assessment
$90,300 (2025)
Improvements Assessment
$122,775 (2025)
Total Assessment
$213,075 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Stratton Oakmont
9 Unit-Washington Apartments | 201 E Washington Ave
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