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    412 Expy 83 Hwy San Juan, TX 78589

    Sponsored
    For Sale
    $999,000

    16-Unit Apartment Complex, High Demand

    Property size:
    12,060 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional investment opportunity presents a well-maintained, 16-unit apartment complex ideally situated in San Juan, Texas. The property comprises two buildings totaling 12,060 square feet on a generous 26,775.89 square foot lot. Building one boasts ten two-bedroom units, while building two offers six one-bedroom units. Each apartment is equipped with central air conditioning, in-unit laundry hookups, a refrigerator, and a stove. Individual electricity meters ensure efficient utility management for tenants. The property benefits from ample parking and is known for its high occupancy rates due to its desirable location and spacious unit layouts. Its proximity to major highways, schools, and shopping centers, including Costco and Sam's Club, enhances its appeal and rental potential. Constructed in 1986, this turnkey property offers immediate income generation and represents a strong investment in the thriving Rio Grande Valley market. The asking price for this income-producing asset is $999,000. This is a rare opportunity to acquire a well-established multifamily property with significant upside potential. The property's strong tenant base and convenient location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in a growing Texas market.

    Property Features for 412 Expy 83 Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,060 SF

    Building Details

    Year Built
    1986
    Buildings
    2
    Units
    16

    HighLights

    • $999,000 asking price.
    • 16‑unit multifamily apartment building.
    • 12,060 square feet.
    • Two buildings on a 26,775 square foot lot.
    • Built in 1986.
    • Located in San Juan, TX, near major highways, schools, and shopping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.157766
    Latitude
    26.201034

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    FAQs

    What type of property is this?
    Multifamily property - 16-Unit Apartment Complex, High Demand
    Where is this multifamily property located?
    The property is located at 412 Expy 83 Hwy San Juan, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; 16-unit multifamily apartment building.; 12,060 square feet.
    Request Owner's contact information
    412 Expy 83 Hwy San Juan, TX 78589
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    412 Expy 83 Hwy San Juan, TX 78589
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