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2800 N 30th St 18 Unit Apartment Building $1,250,000 ($69,444/Unit) 7.63% Cap Rate McAllen, TX 78501
Investment Highlights
- Value-Add Investment Opportunity
- All Units 1 bed / 1 bath
- Located in Heart of McAllen
- Property Surveys Available
- 625 - 700 SF
- 18+ Parking Spaces
Executive Summary
Excellent value-add investment opportunity in the heart of McAllen, TX. This 18-unit multifamily property consists of six, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream with gross annual income potential to exceed $156,000. All units are 1 bed / 1 bath and range from 625 – 700 square feet. Situated on corner lots with 18+ parking spaces, the property is centrally located near schools, businesses, and major commercial corridors. Ideal for investors seeking strong cash flow with upside potential. Metrics stated above are based on brokers proforma.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$156,600
|
$13.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,600
|
$13.38
|
| Taxes |
$22,796
|
$1.95
|
| Operating Expenses |
$36,541
|
$3.12
|
| Total Expenses |
$59,337
|
$5.07
|
| Net Operating Income |
$97,263
|
$8.31
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $156,600 |
| Annual Per SF | $13.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,600 |
| Annual Per SF | $13.38 |
| Taxes | |
|---|---|
| Annual | $22,796 |
| Annual Per SF | $1.95 |
| Operating Expenses | |
|---|---|
| Annual | $36,541 |
| Annual Per SF | $3.12 |
| Total Expenses | |
|---|---|
| Annual | $59,337 |
| Annual Per SF | $5.07 |
| Net Operating Income | |
|---|---|
| Annual | $97,263 |
| Annual Per SF | $8.31 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 625 - 700 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $1,000,000 (2025) | |
| Land Assessment | $304,181 (2025) | Annual Taxes | $22,796 ($1.95/SF) |
| Improvements Assessment | $695,819 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$304,181 (2025)
Improvements Assessment
$695,819 (2025)
Total Assessment
$1,000,000 (2025)
Annual Taxes
$22,796 ($1.95/SF)
Tax Year
2026
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2800 N 30th St
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