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9 Unit-Washington Apartments 201 E Washington Ave 9 Unit Apartment Building $411,840 CAD ($45,760 CAD/Unit) 21.32% Cap Rate Harlingen, TX 78550
Investment Highlights
- High cash flowing MF property
- Easy access to Sunshine Strip/N 77
- A block away from Lake Harlingen
Executive Summary
High-income apartments for sale ( 64,800 Gross Income )
Tenants pay ALL utilties.
LOW TAXES ~ 3300
Cash buyers only
Fully managed. Immediate cash flow.
Call or text now (510)-919-7731
Tenants pay ALL utilties.
LOW TAXES ~ 3300
Cash buyers only
Fully managed. Immediate cash flow.
Call or text now (510)-919-7731
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $411,840 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $45,760 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 21.32% | Building Size | 6,257 SF |
| Gross Rent Multiplier | 6.4 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.16/1,000 SF |
| Zoning | B | ||
| Price | $411,840 CAD |
| Price Per Unit | $45,760 CAD |
| Sale Type | Investment |
| Cap Rate | 21.32% |
| Gross Rent Multiplier | 6.4 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 6,257 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2022 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $858.00 CAD | - |
| 2+2 | 2 | $926.64 CAD | - |
| 2+1 | 2 | $926.64 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 195810-0030-010000 | Total Assessment | $290,408 CAD (2025) |
| Land Assessment | $123,073 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $167,335 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
195810-0030-010000
Land Assessment
$123,073 CAD (2025)
Improvements Assessment
$167,335 CAD (2025)
Total Assessment
$290,408 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Stratton Oakmont
9 Unit-Washington Apartments | 201 E Washington Ave
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