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2513 Beaumont Ave 5 Unit Apartment Building $631,743 CAD ($126,349 CAD/Unit) 12.39% Cap Rate McAllen, TX 78501
Investment Highlights
- 5-unit multifamily STR portfolio totaling 3,660 SF
- Seller-reported FY 2025 NOI of $55,623
- $82,563 seller-reported gross revenue
- Unit mix: four 2BR/1BA units and one 1BR/1BA unit
- 12.36% cap rate at $450,000 asking price
- 32.6% seller-reported operating expense ratio
Executive Summary
A renovated 5-unit short-term rental portfolio (self-managed) in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing.
At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
1031 exchange ready. Dual-exit strategy available — continue as self-managed STR or convert to long-term rentals.
Contact: Cole Carpenter | SVN | Hanna Solutions | (956) 322-4001
At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
1031 exchange ready. Dual-exit strategy available — continue as self-managed STR or convert to long-term rentals.
Contact: Cole Carpenter | SVN | Hanna Solutions | (956) 322-4001
Property Facts
| Price | $631,743 CAD | Property Subtype | Apartment |
| Price Per Unit | $126,349 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 12.39% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 5.45 | Building Size | 3,660 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1991/2022 |
| Zoning | Residential Multifamily | ||
| Price | $631,743 CAD |
| Price Per Unit | $126,349 CAD |
| Sale Type | Investment |
| Cap Rate | 12.39% |
| Gross Rent Multiplier | 5.45 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,660 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1991/2022 |
| Zoning | Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A3000-00-019-0010-00 | Improvements Assessment | $381,134 CAD |
| Land Assessment | $113,967 CAD | Total Assessment | $495,101 CAD |
Property Taxes
Parcel Number
A3000-00-019-0010-00
Land Assessment
$113,967 CAD
Improvements Assessment
$381,134 CAD
Total Assessment
$495,101 CAD
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2513 Beaumont Ave
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