Turnkey 5-Unit Short-Term Rental
2513 Beaumont Avenue McAllen, TX 78501
2513 Beaumont Avenue, McAllen, TX, 78501
$449,000
For Sale
$449,000
Renovated 5-unit portfolio with (4) 2BR/1BA and (1) 1BR/1BA units, turnkey and actively income-producing with paved parking.
Property Size3,660 SF
Price / SF$122.68
Days on Market70
Property Features for 2513 Beaumont Avenue
General Information
- Standard status
- Active
- Size
- 3,660 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1992
Listing agency
SVN | Hanna Solutions CRE
(956) 821-8001
Listed by
Mark Hanna, CCIM
(956) 821-8001
Source
Svn
Added: May 14 Updated: Jul 21 at 5:03PM Checked: Jul 22 at 4:51AM
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 SVN | Hanna Solutions CRE
Investment Insights
Based on property information with market context.
A renovated 5-unit short-term rental portfolio totaling 3,660 SF, currently set up and operating as turnkey accommodations. The unit mix is four (4) 2BR/1BA units and one (1) 1BR/1BA unit. Seller-reported FY 2025 performance includes $82,563 in gross revenue and $55,623 NOI, reflecting a 12.36% cap rate, with a 32.6% seller-reported operating expense ratio.
The property is located near McAllen’s Medical Corridor, close to Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall. On-site parking is paved.
This is presented as a 1031-exchange friendly investment opportunity with an asking price of $450,000.
The property is located near McAllen’s Medical Corridor, close to Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall. On-site parking is paved.
This is presented as a 1031-exchange friendly investment opportunity with an asking price of $450,000.
Key Highlights
- Renovated 5‑unit short‑term rental portfolio totaling 3,660 SF with (4) 2BR/1BA and (1) 1BR/1BA units
- Seller‑reported FY 2025 gross revenue of $82,563 and FY 2025 NOI of $55,623
- Reported 12.36% cap rate at a $450,000 asking price
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 | $59.3k | $16.20 |
| − Vacancy | −$4.0k | −$1.10 |
| EGI | $55.3k | $15.10 |
| − OpEx | −$24.9k | −$6.79 |
| NOI | $30.4k | $8.30 |
3,660 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,393 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Renovated 5-unit portfolio with (4) 2BR/1BA and (1) 1BR/1BA units, turnkey and actively income-producing with paved parking.
Where is this short term rental property located?
The property is located at 2513 Beaumont Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Renovated 5‑unit short‑term rental portfolio totaling 3,660 SF with (4) 2BR/1BA and (1) 1BR/1BA units; Seller‑reported FY 2025 gross revenue of $82,563 and FY 2025 NOI of $55,623; Reported 12.36% cap rate at a $450,000 asking price
