Collect $4,425/month OR MORE on this
8 units Apartment Complex
Excellent Cash Flowing 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?
For a price of Single Family Home, you can have 8 income-producing units!
PRICED TO MOVE QUICKLY: $289,900
This multifamily property offers multiple money-generating strategies:
• Current Occupancy: 100%
• CAP Rate on Actuals: 12.9%
• $34,515 estimated annual NOI
• Cash on Cash Return: 30%
• Perfect Multifamily deal
• Centrally located between Interstate 69C and Interstate 2, allowing tenants easy access to employment, shopping and entertainment
• 18 min drive to McAllen, TX
• 1981 Built
• Value play: Rent Increase!
• 4 min drive from University of Texas Rio Grande Valley, Edinburg
This is an off-market deal that is being offered before it goes to the
nationwide market on Aug 25, 2016.
For IMMEDIATE DELIVERY of the Property Package:
Option 1: Text your name & email to 956-790-0075 and a packet will be emailed within 10 minutes
Option 2: Dial the voice box at 956-790-0075 and speak ONLY your name & email – a packet will be emailed within 10 minutes
- $289,900 - CCR 30%
- 1608 Norma Ln
- Zip Code:
- For Sale
- Property Type: