16-Unit Apartment
2125 Kerria Avenue, McAllen, TX 78501
For Sale
$1,600,000
A gated residential community with a pool, coin-operated laundry, and a dedicated office.
Property Size12,136 SF
Price / SF$131.84
Days on Market8
Property Features for 2125 Kerria Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
gated pool
coin operated laundry room
dedicated office space
Ceiling Fan(s)
Split Bedrooms
Walk-In Closet(s)
Balcony
BBQ Pit/Grill
Gutters/Spouting
Manual Gate
Mature Trees
Rock Yard
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Monarca Real Estate Group LLC
(956) 862-2964
Listed By:
Myrka Lopez
(956) 651-0866
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 11
Last Checked: Nov 12 at 5:38PM
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
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Investment Insights
Based on property information with market context.
Sedona Apartments is a 16-unit complex on nearly half an acre, with a mix of one- and two-bedroom residences. The 12,136-square-foot property was built in 1980 and includes a gated pool, coin-operated laundry room, and dedicated office space. The complex is reported to have no vacancies.
Located at 2125 Kerria Avenue in McAllen, the property is minutes from shopping centers, schools, dining, and everyday services.
Located at 2125 Kerria Avenue in McAllen, the property is minutes from shopping centers, schools, dining, and everyday services.
Key Highlights
- 16 apartments with a mix of one- and two‑bedroom units
- 12,136 square feet on nearly half an acre
- Gated pool and gated community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,779
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,580
$2.0M
Cap Rate 7%
$1,439,700
$1.4M
Cap Rate 9%
$1,119,767
$1.1M
Market Conditions
NOI Build-Up for 12,136 SF
Gross rent
$196.6K $16.20/SF
− Vacancy
−$13.4K −$1.10/SF
EGI
$183.2K $15.10/SF
− OpEx
−$82.5K −$6.79/SF
NOI
$100.8K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,580
Cap Rate 7%
$1,439,700
Cap Rate 9%
$1,119,767
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,779 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.88M – $3.84M
NOI $230,681 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in McAllen, TX
Properties on Market for Apartment buildings in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A gated residential community with a pool, coin-operated laundry, and a dedicated office.
Where is this apartment building located?
The property is located at 2125 Kerria Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16 apartments with a mix of one- and two‑bedroom units; 12,136 square feet on nearly half an acre; Gated pool and gated community
