Renovated 10-Unit Apartment
For Sale
$720,000
2505 W State Highway 107, McAllen, TX 78504
Fully renovated 10-unit apartment property with all units configured as 2 bed, 2 bath residences.
Property Size3,300 SF
Price / SF$218.18
Days on Market91
Property Features for 2505 W State Highway 107
General Information
Standard status
Active
Size
3,300 SF
Units
Multifamily Units
10
Office Units
3
Listing Agency:
WINNERS CIRCLE
(956) 949-9337
Listed By:
Avinaash Nash Buxani · License #TREC#0712106
(956) 949-9337
Source:
Exprealty
Added: May 1
Changed: Jul 28
Last Checked: Jul 30 at 5:14PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
This offering includes a fully renovated 10-unit apartment complex, with all units laid out as 2-bedroom, 2-bath residences. The property is presented as income-producing multifamily housing, with projected rents referenced at approximately $700 per unit.
The apartments are located at 2505 W State Highway 107 in McAllen, Texas 78504, within a corridor described in the remarks as a high-growth area. The listing also highlights an adjacent, brand-new office property included with the overall dual-asset opportunity.
The office component is described as two modern buildings with three private offices and a dedicated conference room, positioned for an owner-user or professional headquarters. The remarks indicate the opportunity can be acquired together as a package or purchased individually.
The apartments are located at 2505 W State Highway 107 in McAllen, Texas 78504, within a corridor described in the remarks as a high-growth area. The listing also highlights an adjacent, brand-new office property included with the overall dual-asset opportunity.
The office component is described as two modern buildings with three private offices and a dedicated conference room, positioned for an owner-user or professional headquarters. The remarks indicate the opportunity can be acquired together as a package or purchased individually.
Key Highlights
- Fully renovated 10‑unit apartment complex with all units configured as 2 bed / 2 bath
- Projected rents of approximately $700 per unit for the 10 apartment units
- Adjacent brand‑new office property with two modern buildings
Financial Insights For Office B
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 | $69.3k | $21.00 |
| − Vacancy | −$10.4k | −$3.15 |
| EGI | $58.9k | $17.85 |
| − OpEx | −$14.7k | −$4.46 |
| NOI | $44.2k | $13.39 |
3,300 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$631.1K
$552.2K – $736.3K
NOI $44,179 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$391.5K
$342.6K – $456.7K
NOI $27,404 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$896.1K
$784.1K – $1.05M
NOI $62,726 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
10
Residential units
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 10-unit apartment property with all units configured as 2 bed, 2 bath residences.
Where is this apartment building located?
The property is located at 2505 W State Highway 107 McAllen, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Fully renovated 10‑unit apartment complex with all units configured as 2 bed / 2 bath; Projected rents of approximately $700 per unit for the 10 apartment units; Adjacent brand‑new office property with two modern buildings
