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12-Unit Townhome Portfolio 424 San Mateo Ave 12 Unit Apartment Building $1,354,313 ($112,859/Unit) 8% Cap Rate La Joya, TX 78560
Investment Highlights
- 12-unit townhome portfolio delivering scale, stability, and strong investment potential in a high-demand rental market
- Fully equipped units with appliances, washer/dryer, and private backyard spaces supporting consistent occupancy and income
- Modern 3-bedroom, 2-bathroom open-concept layouts with quality finishes, including quartz countertops and ample cabinetry
Executive Summary
An exceptional opportunity to acquire a 12-unit townhome portfolio offering scale, stability, and long-term investment potential in a high-demand rental market. Each unit features a well-designed 3-bedroom, 2-bathroom open-concept layout with quartz countertops, ample cabinetry, and durable, low-maintenance finishes. All units are fully equipped with kitchen appliances, washer, and dryer, enhancing tenant appeal. The property is designed for efficient ownership with low-maintenance construction and private backyard spaces, supporting consistent occupancy and predictable expenses. A strong, stabilized asset with reliable cash flow and long-term appreciation potential.
Property Facts
| Price | $1,354,313 | Building Class | B |
| Price Per Unit | $112,859 | Building Size | 1,202 SF |
| Sale Type | Investment | Average Occupancy | 92% |
| Cap Rate | 8% | No. Stories | 1 |
| No. Units | 12 | Year Built | 2022 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R1 | ||
| Price | $1,354,313 |
| Price Per Unit | $112,859 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 1,202 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | R1 |
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Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | S1088-00-000-0030-00 | Improvements Assessment | $70,037 |
| Land Assessment | $38,466 | Total Assessment | $108,503 |
Property Taxes
Parcel Number
S1088-00-000-0030-00
Land Assessment
$38,466
Improvements Assessment
$70,037
Total Assessment
$108,503
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12-Unit Townhome Portfolio | 424 San Mateo Ave