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2505 S Parkwood Dr
Harlingen, TX 78550
Harlingen Estates · Multifamily Property For Sale
·
50 Units
Investment Highlights
- With a focused mix of 50 multi-bedroom units composed entirely of 2-bedroom and 3-bedroom floor plans, averaging 1,281 square feet
- Units at Harlingen Estates largely remain in classic condition, providing investors with a highly attractive value-add opportunity.
- Harlingen, Texas benefits from a fundamentally strong and supply-constrained rental market, supported by stable population trends
- The property features brand new roofs installed in 2023 across the entire community, significantly reducing near-term capital expenditures
Property Facts
| No. Units | 50 | Lot Size | 3.31 AC |
| Property Type | Multifamily | Building Size | 63,892 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Zoning | C - Commercial | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.31 AC |
| Building Size | 63,892 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Clubhouse
- Laundry Facilities
- Pool
- Basketball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 28 | - | 1,100 - 1,300 |
| 3+1.5 | 6 | - | 1,400 |
| 3+2.5 | 16 | - | 1,500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,480,570 | |
| Land Assessment | $168,079 | Total Assessment | $3,648,649 |
Property Taxes
Parcel Numbers
Land Assessment
$168,079
Improvements Assessment
$3,480,570
Total Assessment
$3,648,649
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