(149749) Multiple Money Generating 20-Unit Apartment Complex, Pharr, TX Sold

  • $989,900

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!


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

119 Condesa Dr
Pharr, TX 78577
For Sale
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