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6220 N 11th St
McAllen, TX 78504
Valenica Apartments · Multifamily Property For Sale
·
54 Units
Investment Highlights
- Assumable Loan originated July 2021 with a current balance of $1.7 Million
- Property is price below replacement cost at $88.57 PSF
- The property is located a strong school district with 1-mile medium HH income of $69,856
- $1.7M balance at 4.25% Interest, Maturing July 2041 with 20 Year Amortization
- Opportunity for operational improvements through addition of professional property management team.
- Well positioned in the McAllen-Edinburg-Mission MSA with close proximity to numerous retail and grocery option.
Property Facts
| No. Units | 54 | Lot Size | 2.11 AC |
| Property Type | Multifamily | Building Size | 44,110 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1985 |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 44,110 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1985 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $702.00 | 466 |
| 1+1.5 | 8 | $789.00 | 1,113 |
| 2+1 | 15 | $831.00 | 814 |
| 2+2 | 1 | $850.00 | 845 |
| 3+2 | 2 | $1,450 | 2,254 |
| Studios | 12 | $775.00 | 466 |
Property Taxes
| Parcel Number | S3850-01-000-0001-00 | Improvements Assessment | $1,654,018 |
| Land Assessment | $423,582 | Total Assessment | $2,077,600 |
Property Taxes
Parcel Number
S3850-01-000-0001-00
Land Assessment
$423,582
Improvements Assessment
$1,654,018
Total Assessment
$2,077,600
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