HOT DEAL! 8 CAP - 6 units in Mcallen, TX

Hidalgo County, McAllen, TX, 78501
Sold
Listed at: April 14th, 2023
Price
$349,000
ARV
$500,000
Gross Margin
$151,000
Sq. Footage
4224
Type
Multifamily
Parking
Unassigned
Year build
1975
Lot size
0.20 acres
Bedrooms
10
Bathrooms
7.5
Half Bathrooms
0
Summary

3813 North 8th Court. McAllen, TX 78501


Property Overview

6 Units

  • 10 beds 7.5 baths
  • Built:1975
  • 4,424 sqft
  • Lot: 0.2012 acres
  • Roof Age- 5 Years
  • Window units
  • Owner managed
  • 6 Electric meters
  • 1 water meter
  • No foundation issues


Property Details

Unit mix

  • Apt 1-3b/2ba lease ends 12/23 for $680/mo
  • Apt 2-1b/1ba lease ends 08/23 for $550/mo
  • Apt 3-2b/1.5ba lease ends m2m for $475/mo
  • Apt 4-2b/1.5ba lease ends 12/23 for $575/mo
  • Apt 5-1b/1ba lease ends 1/24 for $550/mo
  • Apt 6-Studio lease ends 1/24 for $495/mo


Current Rents: $3,325/month (Pending Leases)

Total Expenses: $11,575/yr


Gross Annual Income: 

$39,900


Net Operating Income: 

$28,325


Comp:

Duplex

  • 1108 W. Gardenia
  • 1973 Build
  • 2800 SF
  • Sold on 2/19/22 $342,000



ASKING $349,000

EMD $5,000

ARV $500,000

CLOSING 5/15/23


CALL OR TEXT BLAKE for more information AT

972-503-6551

Please do your own due diligence. Property is being sold as-is and the buyer is to pay ALL closing costs. Price based on a cash or hard money offer. All properties offered are either owned by us, under contract and selling equitable interest, or offered in conjunction with a business associate. Agents, please add your commission to the sales price paid for by the buyer. NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT. Any property information received by you is proprietary information belonging to any of our company LLCs and its affiliates. Any transaction consummated by you will be pursuant to an assignment of one of our acquisitions LLC's Contract. Any unauthorized contact will be considered INTENTIONAL INTERFERENCE with a contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Elizabeth Giguere

No reviews

Disposition manager