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4-Plex Opportunity – 3802 S Radisson Ave 3802 S Radisson Ave 4 Unit Apartment Building $398,000 ($99,500/Unit) 8.03% Cap Rate Pharr, TX 78577
Investment Highlights
- Long Term Tenant. closed to market. secured gated community. HOA.
Executive Summary
3802 S Radisson Ave – Four-Plex Investment Opportunity
McAllen, TX | Strong Rental History | Prime Location
Well-maintained four-plex with a solid rental history. This income-producing property is ideally located near major shopping centers, dining, entertainment, McAllen Miller International Airport, and International Bridge Crossings – making it highly attractive to tenants and investors alike.
Offering Memorandum with Rent Roll available for download.
For more details, contact Michael Liu at (626) 679-2876.
McAllen, TX | Strong Rental History | Prime Location
Well-maintained four-plex with a solid rental history. This income-producing property is ideally located near major shopping centers, dining, entertainment, McAllen Miller International Airport, and International Bridge Crossings – making it highly attractive to tenants and investors alike.
Offering Memorandum with Rent Roll available for download.
For more details, contact Michael Liu at (626) 679-2876.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Pro Forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $398,000 | Apartment Style | Townhome |
| Price Per Unit | $99,500 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 8,112 SF |
| Cap Rate | 8.03% | Average Occupancy | 25% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 4 | Year Built | 2007 |
| Property Type | Multifamily | Parking Ratio | 0.49/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Residential Multi Family - Residential Multi Family. | ||
| Price | $398,000 |
| Price Per Unit | $99,500 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.43 AC |
| Building Size | 8,112 SF |
| Average Occupancy | 25% |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | Residential Multi Family - Residential Multi Family. |
Amenities
Unit Amenities
- Lawn
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $950.00 | 1,014 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | J2355-00-000-0039-00 | Total Assessment | $366,791 (2025) |
| Land Assessment | $92,720 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $274,071 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
J2355-00-000-0039-00
Land Assessment
$92,720 (2025)
Improvements Assessment
$274,071 (2025)
Total Assessment
$366,791 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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