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Hampshire Park Townhomes 309 E New Hampshire St 37 Unit Apartment Building $4,291,950 CAD ($115,999 CAD/Unit) 8.57% Cap Rate Harlingen, TX 78550

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INVESTMENT HIGHLIGHTS

  • There is good unit mix of 1, 2 and 3 bedrooms, and ten unit with 2 car garages. All units have laundry connections.

EXECUTIVE SUMMARY

Prime investment opportunity, 97% current occupancy, low maintenance property, rapidly growing area, space for adding garages or storage units.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
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 $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $4,291,950 CAD
Price Per Unit $115,999 CAD
Sale Type Investment
Cap Rate 8.57%
No. Units 37
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 2.79 AC
Building Size 40,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 2008
Parking Ratio 2.17/1,000 SF
Zoning MF - Multifamily

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Refrigerator
  • Range
  • Walk-In Closets
  • Carpet
  • Patio

SITE AMENITIES

  • Fenced Lot

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 4 - 1,192
2+2.5 18 $1,315 CAD 1,225
3+2.5 6 $1,869 CAD 1,566
2+1 9 $1,246 CAD 660

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
157601-0010-001000
Land Assessment
$156,203 CAD
Improvements Assessment
$3,523,207 CAD
Total Assessment
$3,679,410 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 34774342

  • Date on Market: 2025-02-10

  • Last Updated:

  • Address: 309 E New Hampshire St, Harlingen, TX 78550

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