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Vine & 32nd 8 'Plex

Listing was updated at: 06/03/2019

Property Overview

Price/Rent PSF $ 389,750.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 5,546
Date Available 05/22/2019
Additional URL Link
Floors 2
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Description

Location
Boxed in by Ware, Daffodil, 23rd, and Pecan, this apartment complex sits in a highly sought after neighborhood with easy access to a plethora of schools, parks, and retail.

Sale
This well-maintained and well-managed 8 'plex sits on the desirable corner of 32nd St and Vine Ave in McAllen, TX. All of the units are ± 620 sf, 2 bedroom/1 bath, and feature tile flooring and a very functional floor plan. The apartments are consistently renting for $550/month, which is a full 10¢/sf higher than market. There is plenty of parking for residents, and the building's excellent visibility makes it effortless to find great tenants. Although 2018 NOI was relatively low, the bottom line for this property can easily be increased by reducing operating expenses.

Location

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