2800 N 30th St - Apartments FOR SALE


McAllen, TX 78501- Downtown McAllen
$1,250,000 USD
312-912-3724
2800 N 30th St, McAllen, TX for Sale
$1,250,000 USD
Apartments - FOR SALE
1/11
null | 7.63% Cap Rate

2800 N 30th St
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • Value-Add Investment Opportunity
  • All Units 1 bed / 1 bath
  • 625 SF (12 units) 700 SF (6 units)
  • Located in Heart of McAllen
  • 18+ Parking Spaces

OVERVIEW

Excellent value-add investment opportunity in the heart of McAllen, TX. This 18-unit multifamily property consists of six, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream with gross annual income potential to exceed $156,000. All units are 1 bed / 1 bath and range from 625 – 700 square feet. Situated on corner lots with 18+ parking spaces, the property is centrally located near schools, businesses, and major commercial corridors. Ideal for investors seeking strong cash flow with upside potential. Metrics stated above are based on brokers proforma.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

18

PRICE/UNIT

$69,444

CAP RATE

7.63%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,669 SF

ZONING

RS

APN/PARCEL ID

L1060-00-000-0031-00,L1060-00-000-0032-00,L1060-00-000-0044-00

ASK ABOUT THIS PROPERTY

David GoldbergBluestone BrokersMore Info
312-912-3724

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David GoldbergBluestone BrokersMore Info
312-912-3724

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