2513 Beaumont Ave - Apartments FOR SALE


McAllen, TX 78501- Downtown McAllen
$449,000 USD
956-360-5062
2513 Beaumont Ave, McAllen, TX for Sale
$449,000 USD
Apartments - FOR SALE
1/26
null | 12.39% Cap Rate

2513 Beaumont Ave
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • 5-unit multifamily STR portfolio totaling 3,660 SF
  • Unit mix: four 2BR/1BA units and one 1BR/1BA unit
  • Seller-reported FY 2025 NOI of $55,623
  • 12.36% cap rate at $450,000 asking price
  • $82,563 seller-reported gross revenue
  • 32.6% seller-reported operating expense ratio

OVERVIEW

A renovated 5-unit short-term rental portfolio in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing. At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring. 1031 exchange ready. Dual-exit strategy available — continue as STR or convert to long-term rentals at $1,300–$1,600/unit/month. Contact: Edson Carvajal, TACS | SVN | Hanna Solutions | (956) 322-4001

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

5

PRICE/UNIT

$89,800

CAP RATE

12.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,091 SF

ZONING

Residential Multifamily

APN/PARCEL ID

A3000-00-019-0010-00

ASK ABOUT THIS PROPERTY

Edson CarvajalSVN | Hanna Solutions Commercial Real EstateMore Info
956-360-5062

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Edson CarvajalSVN | Hanna Solutions Commercial Real EstateMore Info
956-360-5062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.