4,286 SqFt
4,286 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,286 sqft
Subdivision Carroll Estates
MLS Listing ID 514795
HOA Fees $650/ann
HOA Y/N Yes
Year Built 2022
Annual Tax Amount $12,309
Tax Year 2025
Lot Size 10,433 Sqft
Acres 0.2395
Property Sub-Type Quadruplex
Source Greater McAllen
Property Description
Three matching fourplexes are available and may be purchased individually or together as a 12-unit portfolio for $1,527,000. Combined, the portfolio generates approximately $184,500 in annual gross income with an estimated $130,257 NOI, maintaining an 8.53% cap rate—an outstanding opportunity to acquire newer construction with immediate income and long-term portfolio potential. And there's still room to negotiate - which means...an even BETTER CAP RATE.
Location
State TX
County Hidalgo
Community Curbs, Sidewalks, Street Lights
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s), Dryer, Microwave, Washer
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Appliance Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
Laundry Laundry Closet, Washer/Dryer Connection
Exterior
Carport Spaces 8
Fence Wood
Community Features Curbs, Sidewalks, Street Lights
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 8
Garage No
Building
Lot Description Curb & Gutters, Sidewalks
Faces East on Expressway 83, Exit Stewart road, Go South one block to Carroll Rd, then East on Carroll to Rafael Dr. Subdivision is on the right on Rafael Dr Unit is on left hand side
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Stone,Stucco
New Construction No
Schools
Elementary Schools Clover
Middle Schools Austin
High Schools Psja H.S.
Others
Tax ID C192400000010400
Security Features Smoke Detector(s)
Nearby Locations
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