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2800 N 30th St 18 Unit Apartment Building $1,720,663 CAD ($95,592 CAD/Unit) 7.63% Cap Rate McAllen, TX 78501
Investment Highlights
- Value-Add Investment Opportunity
- 625 SF (12 units) 700 SF (6 units)
- 18+ Parking Spaces
- All Units 1 bed / 1 bath
- Located in Heart of McAllen
Executive Summary
Excellent value-add investment opportunity in the heart of McAllen, TX. This 18-unit multifamily property consists of six, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream with gross annual income potential to exceed $156,000. All units are 1 bed / 1 bath and range from 625 – 700 square feet. Situated on corner lots with 18+ parking spaces, the property is centrally located near schools, businesses, and major commercial corridors. Ideal for investors seeking strong cash flow with upside potential. Metrics stated above are based on brokers proforma.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$215,565
|
$18.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,565
|
$18.42
|
| Taxes |
$31,379
|
$2.68
|
| Operating Expenses |
$50,300
|
$4.30
|
| Total Expenses |
$81,679
|
$6.98
|
| Net Operating Income |
$133,885
|
$11.44
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $215,565 |
| Annual Per SF | $18.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $215,565 |
| Annual Per SF | $18.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,379 |
| Annual Per SF | $2.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $50,300 |
| Annual Per SF | $4.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $81,679 |
| Annual Per SF | $6.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $133,885 |
| Annual Per SF | $11.44 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 625 - 700 |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,372,400 CAD (2025) | |
| Land Assessment | $417,458 CAD (2025) | Annual Taxes | $31,379 CAD ($2.68 CAD/SF) |
| Improvements Assessment | $954,942 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$417,458 CAD (2025)
Improvements Assessment
$954,942 CAD (2025)
Total Assessment
$1,372,400 CAD (2025)
Annual Taxes
$31,379 CAD ($2.68 CAD/SF)
Tax Year
2026
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2800 N 30th St
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