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Hampshire Park Townhomes 309 E New Hampshire St 37 Unit Apartment Building $3,100,000 ($83,784/Unit) 8.57% Cap Rate Harlingen, TX 78550
Investment Highlights
- There is good unit mix of 1, 2 and 3 bedrooms, and ten unit with 2 car garages. All units have laundry connections.
Executive Summary
Prime investment opportunity, 97% current occupancy, low maintenance property, rapidly growing area, space for adding garages or storage units.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,100,000 | Building Class | B |
| Price Per Unit | $83,784 | Lot Size | 2.79 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| Cap Rate | 8.57% | Average Occupancy | 100% |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 2.17/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MF - Multifamily | ||
| Price | $3,100,000 |
| Price Per Unit | $83,784 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.79 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | MF - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Patio
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,192 |
| 2+2.5 | 18 | $950.00 | 1,225 |
| 3+2.5 | 6 | $1,350 | 1,566 |
| 2+1 | 9 | $900.00 | 660 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 157601-0010-001000 | Total Assessment | $2,625,000 |
| Land Assessment | $111,440 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,513,560 | Tax Year | 2025 |
Property Taxes
Parcel Number
157601-0010-001000
Land Assessment
$111,440
Improvements Assessment
$2,513,560
Total Assessment
$2,625,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Miramar Real Estate LLc
Hampshire Park Townhomes | 309 E New Hampshire St
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