Log In/Sign Up
Your email has been sent.
2513 Beaumont Ave 5 Unit Apartment Building $449,000 ($89,800/Unit) 12.39% Cap Rate McAllen, TX 78501
Investment Highlights
- 5-unit multifamily STR portfolio totaling 3,660 SF
- Seller-reported FY 2025 NOI of $55,623
- $82,563 seller-reported gross revenue
- Unit mix: four 2BR/1BA units and one 1BR/1BA unit
- 12.36% cap rate at $450,000 asking price
- 32.6% seller-reported operating expense ratio
Executive Summary
A renovated 5-unit short-term rental portfolio in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing.
At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
1031 exchange ready. Dual-exit strategy available — continue as STR or convert to long-term rentals at $1,300–$1,600/unit/month.
Contact: Edson Carvajal, TACS | SVN | Hanna Solutions | (956) 322-4001
At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
1031 exchange ready. Dual-exit strategy available — continue as STR or convert to long-term rentals at $1,300–$1,600/unit/month.
Contact: Edson Carvajal, TACS | SVN | Hanna Solutions | (956) 322-4001
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A3000-00-019-0010-00 | Improvements Assessment | $270,884 |
| Land Assessment | $81,000 | Total Assessment | $351,884 |
Property Taxes
Parcel Number
A3000-00-019-0010-00
Land Assessment
$81,000
Improvements Assessment
$270,884
Total Assessment
$351,884
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2513 Beaumont Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.