Collect $12,900/month OR MORE on this 20 Unit Apartment Complex
*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
Now you can own 20 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $989,900
This multifamily property offers multiple money-generating strategies:
Great Investment Opportunity!
Cap Rate on Actuals: 10%
100% Occupancy
No. 1 Best City for Jobs: McAllen-Pharr, Texas according to a recent study by ManpowerGroup
$ 92,880 NOI
All utilities paid by tenants
14 min drive to McAllen International Airport
17 min drive from University of Texas Rio Grande Valley, which has a new Medical School opened in 2016
Value play: Rent Increase!
Major Employers: Edinburg Regional Medical Center, University of Texas-Pan American, McAllen Medical Center, Columbia Rio Grande Regional Hospital, South Texas College, University of Texas Rio Grande Valley, Wal-Mart, T-Mobile, HEB, Dillard’s, McDonalds, Direct Energy
16 min drive to Panasonic Industrial devices location in McAllen, TX
15 min drive to South Texas College
Perfect for 1031 Exchange
No Seller Financing
Purchase Price $989,900