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9 Unit-Washington Apartments 201 E Washington Ave 9 Unit Apartment Building $649,103 CAD ($72,123 CAD/Unit) 13.75% 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
TENANTS PAY ALL UTILLITIES! ( WATER AND ELECTRICITY ) Great Income producing property! Located in a good central part of Harlingen Tx. Schools, Hospitals, Shopping Centers, City Lake, all within minutes away. This property presents a great opportunity for a good return on your investment. This is a 9 unit apartment individually metered for water and electricity!
Call or text 510-919-7731
Call or text 510-919-7731
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$97,994
|
$15.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,994
|
$15.66
|
| Taxes |
$3,550
|
$0.57
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,550
|
$0.57
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $97,994 |
| Annual Per SF | $15.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,994 |
| Annual Per SF | $15.66 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,550 |
| Annual Per SF | $0.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,550 |
| Annual Per SF | $0.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $649,103 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $72,123 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 13.75% | 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 | $649,103 CAD |
| Price Per Unit | $72,123 CAD |
| Sale Type | Investment |
| Cap Rate | 13.75% |
| 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 | $872.45 CAD | - |
| 2+2 | 2 | $942.25 CAD | - |
| 2+1 | 2 | $942.25 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 195810-0030-010000 | Total Assessment | $300,459 CAD (2025) |
| Land Assessment | $127,333 CAD (2025) | Annual Taxes | $3,550 CAD ($0.57 CAD/SF) |
| Improvements Assessment | $173,126 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
195810-0030-010000
Land Assessment
$127,333 CAD (2025)
Improvements Assessment
$173,126 CAD (2025)
Total Assessment
$300,459 CAD (2025)
Annual Taxes
$3,550 CAD ($0.57 CAD/SF)
Tax Year
2024
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Stratton Oakmont
9 Unit-Washington Apartments | 201 E Washington Ave
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