Fully Occupied Multifamily Investment
204 E Fourth Street San Juan, TX 78589
204 E Fourth Street, San Juan, TX, 78589
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For Sale
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Eight-unit complex with month-to-month leases near expressway and amenities.
Property Size5,200 SF
Price / SF$132.69
Days on Market626
Property Features for 204 E Fourth Street
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2006
Listing Agency
Monarca Real Estate Group LLC
Listed by
Myrka Lopez
Source
Crexi
Added: Oct 30, 2024 Checked: Jul 16 at 6:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monarca Real Estate Group LLC
Investment Insights
Based on property information with market context.
This established complex features eight fully occupied units. Each unit includes two bedrooms and one bathroom, and is equipped with a refrigerator, stove, washer, and dryer, all of which are included in the sale. The units are currently leased on a month-to-month basis, with rental rates ranging from $750 to $800. The property is located with easy access to the expressway and is close to shopping centers, restaurants, and schools. The property size is 5200 square feet.
Key Highlights
- Fully occupied 8‑unit complex provides immediate rental income.
- Each unit includes 2 bedrooms and 1 bath, complete with refrigerator, stove, washer, and dryer.
- All appliances convey with the sale.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.1k | $16.56 |
| − Vacancy | −$10.0k | −$1.92 |
| EGI | $76.1k | $14.64 |
| − OpEx | −$34.3k | −$6.59 |
| NOI | $41.9k | $8.05 |
5,200 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$598.1K
$523.4K – $697.8K
NOI $41,868 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.92M
$3.43M – $4.57M
NOI $274,170 @ 7.0% cap · market cap 39.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit complex with month-to-month leases near expressway and amenities.
Where is this apartment building located?
The property is located at 204 E Fourth Street San Juan, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Fully occupied 8‑unit complex provides immediate rental income.; Each unit includes 2 bedrooms and 1 bath, complete with refrigerator, stove, washer, and dryer.; All appliances convey with the sale.
