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3305 Frio Ave 4 Unit Apartment Building $520,000 ($130,000/Unit) 7.50% Cap Rate McAllen, TX 78504
Investment Highlights
- Close to Highway 107
Executive Summary
Opportunity to own a newer fourplex in McAllen, TX. Strong rental history. Gated community. Property features two 3 bedroom units and two 2 bedroom units. Beautiful, modern interiors.
Property Facts
| Price | $520,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,012 SF |
| Cap Rate | 7.50% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family - Close to 29th St and 107 | ||
| Price | $520,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,012 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | Multi-Family - Close to 29th St and 107 |
Amenities
Unit Amenities
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Yard
Site Amenities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 3+2 | 2 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $449,779 | |
| Land Assessment | $156,530 | Total Assessment | $606,309 |
Property Taxes
Parcel Numbers
Land Assessment
$156,530
Improvements Assessment
$449,779
Total Assessment
$606,309
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3305 Frio Ave
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