Tri-Plex ~ McAllen,Tx ~ 9% CapRate-$122k ~ Off-Market Assignment

[Curt Barbour]

Well Maintained Tri-Plex Built in 2000.  Solid Cinder Block Construction.  

This McAllen/Edinburg Region Has Seen Explosive Growth In Recent Years w/ The Univ.of Texas Rio Grande Valley Campus being constructed.  

Numerous Upgrades: Cabinets/Granite/Appliances in 2 Units. Full HVAC's in 2 & 1new condenser in 3rd. 2 Tubs Converted To Tiled Showers, Lo-Flo Toilets. Picturesque Pergola Seating Area in Expansive Backyard. There Is Even A Large Storage Bldg. With A 1/2 Bath.  No Storm Damage, Yet Roof Is Approaching End-of-Life..Being The Only Anticipated Capital Expenditure. 

Currently At A 9% Cap Rate w/ Rents At $550/ea. Leases are currently Month-to-Month Allowing For Immediate Rental Increase To $575/ea, Bringing Cap Rate Value To $150K - Instant Equity Increase & Cashflow!

Contract Is Written For Cash Purchase, But Can Be Changed To Accommodate Financing.  Please Review Buy/Hold Analysis Attached For Complete Financial Break-down. 

This Is An Off-Market Wholesale Assignment Which Is Included In Price.  Available To First Qualified Investor With $3,000 Deposit. 

Investor Packet - Pics, Realist, Analysis - CLICK HERE

Contact Me With Any Questions - 512-842-7710