OFF MARKET 20-unit Apt Complex for Sale - Rio Grande Valley TEXAS

[Mauricio Ramos]

20-Unit Apt Complex for Sale - Rio Grande Valley TEXAS

Excellent Value-Add apt complex for sale in Pharr Texas. The property is located in the business districts of Pharr and McAllen Texas in the Rio Grande Valley (South Texas). Major businesses established and some being  established currently in the area, due to large development and gentrification plan which started in past few  years. Definitely an up and coming area in the Rio Grande Valley.

The complex is located within walking distance of the only TopGolf being built in the Rio Grande Valley.

Details:

20 Units

Purchase price $799,000

Current Gross Income: $132,000

Current NOI: $64,237

Projected NOI after reposition: $76,597

Cap at purchase : 8.03%

Estimated annual cashflow after debt service after reposition, year 1: $22,744

For more info, please DM Mauricio Ramos or comment with your email address.