Parkview Apartments

Multi-Family for Sale
Catylist Listing ID: 30500464
Property Subtypes: Low-Rise/Garden
Number of Units: 9 Units
Building Size (RSF): 5,952 SF
Gross Building Area: See Agent
Sale Price: $249,700
Unit Price: $27,744.44 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/7/2019

Overview / Comments

This is a 9 unit apartment complex which consists of six 1 bedroom/1 bath units and two 2 bedroom/1 bath units with an additional unit for the onsite property manager. Coin operated Washer and Dryer room with 3 washers and 1 dryer is provided. 1/1 rent for $400 and 2/1 for $450. Property is two parcels of land totaling .74 acre of land which gives adequate land to build same size unit. No formal leases but property stays 100% leased. These units are not government subsidized units

Additional Details

Nearest MSA: McAllen-Edinburg-Mission
County: Hidalgo
Tax ID/APN: 131721
Percent Occupied: 100%
Area Description: Parkview Apartments located in Mercedes, Texas just across from the city park and civic center. Rio Grande Valley Premium Outlets are located just 1 1/2 miles northeast. Area schools nearby
Property Condition: Good
Year Built: 1988

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,648 24,026 60,057
Median Age: 32.91 28.43 29.48
Households: 1,499 6,743 16,689


Photograph of Listing Agent

Randy Summers, CCIM

Davis Equity Realty STCAR CIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Texas Commercial Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.