2505 S Parkwood Dr - Apartments FOR SALE
Harlingen, TX 78550 |
$3,750,000 USD
512-535-1015
2505 S Parkwood Dr
Harlingen, TX 78550
HIGHLIGHTS
- With a focused mix of 50 multi-bedroom units composed entirely of 2-bedroom and 3-bedroom floor plans, averaging 1,281 square feet
- Harlingen, Texas benefits from a fundamentally strong and supply-constrained rental market, supported by stable population trends
- Units at Harlingen Estates largely remain in classic condition, providing investors with a highly attractive value-add opportunity.
- The property features brand new roofs installed in 2023 across the entire community, significantly reducing near-term capital expenditures
FOR SALE DETAILS
PRICE
$3,750,000 USD
PRICE/SF
$59 USD /SF
# OF UNITS
50
PRICE/UNIT
$75,000
CAP RATE
7.1%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Harlingen Estates
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1969
PARKING SPACES
78
LAND DETAILS
LAND ACRES
3.31 AC
LAND SF
144,184 SF
ZONING
C
APN/PARCEL ID
196980-0010-001000,840710-0600-020000
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512-535-1015
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512-535-1015
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