405 Rafael DR San Juan, TX 78589
4,456 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,456 sqft
Subdivision Carroll Estates
MLS Listing ID 514796
HOA Fees $650/ann
HOA Y/N Yes
Year Built 2022
Annual Tax Amount $11,482
Tax Year 2025
Lot Size 10,415 Sqft
Acres 0.2391
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, Dryer, Microwave, Stove/Range-Electric Coil, Washer
Laundry Laundry Closet, Washer/Dryer Connection
Exterior
Exterior Feature Sprinkler System
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 From expressway 83, exit Cesar Chavez. Travel south to Carrol Rd. and make a left. Make a left on Rafael Dr. Property will be located on the left.
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 C192400000009800
Security Features Smoke Detector(s)
Nearby Locations
