For Sale
$9,500,000

414 San Mateo AveLa Joya, TX 78560

53 Units, High ROI, Turnkey

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a portfolio of 53 Class A townhomes, totaling 73,200 square feet, situated in La Joya, Texas, within Hidalgo County. Built in 2023, this single-story complex boasts a 9.15% cap rate and a current NOI of $869,000, with a pro-forma NOI of $720,000. The asking price is $9,500,000, translating to $179,245.28 per unit and $129.78 per square foot. Each unit is currently leased, offering immediate income generation. The property is located at 414 San Mateo Ave, La Joya, TX 78560, and benefits from its prime location within a desirable neighborhood known for strong property values and high tenant demand. This turnkey investment provides a stable and consistent revenue stream, making it an attractive addition to any diversified portfolio. The property's high-quality construction ensures low maintenance and long-term value. The location offers convenient access to employment centers, cultural attractions, dining, and shopping, further enhancing its appeal to tenants. This is a rare opportunity to acquire a well-performing, fully occupied multifamily asset in a thriving Texas market.

Highlights

  • 53 Class A townhomes totaling 73,200 square feet in La Joya, TX.
  • Built in 2023, with a 9.15% cap rate and $869,000 current NOI.
  • Asking price: $9,500,000 ($179,245 per unit, $129.78/SF).
  • 100% occupied, generating immediate income.
  • Located at 414 San Mateo Ave, La Joya, TX 78560, in a desirable area with high tenant demand.

Property Details for 414 San Mateo Ave

Property type
Residential income homes, Apartment buildings
Square Feet
73,200 SF
Class
A
Year Built
2023
Stories
1
Units
53

Location Insight

City
La Joya
County
Hidalgo
State
Texas
Latitude
26.2452188
Longitude
-98.4867982
414 San Mateo Ave, La Joya, Texas

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414 San Mateo Ave
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