Remodeled Fourplex
303 S Ridge Lane San Juan, TX 78589
For Sale
Contact for pricing
Recently remodeled fourplex with four 2-bedroom, 2-bath units generating $4,120 monthly rent.
Property Size4,154 SF
Price / SF$96.05
Days on Market127
Property Features for 303 S Ridge Lane
General Information
- Standard status
- Active
- Size
- 4,154 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2012
Listing Agency:
TNT Real Estate
(956) 467-4678
Listed By:
Samantha Reynoso
Source:
Crexi
Added: Mar 20
Changed: Jul 23
Last Checked: Jul 23 at 4:46PM
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 TNT Real Estate
Investment Insights
Based on property information with market context.
This recently remodeled fourplex features four residential units, and each unit offers 2 bedrooms and 2 bathrooms. The property is currently generating $4,120 in monthly rental income.
Located at 303 S Ridge Lane in San Juan, TX 78589, the property is described as providing convenient access to schools, shopping, dining, and major roadways.
Overall, the recent updates throughout the property are intended to provide a turnkey option with reduced future maintenance concerns for owners seeking an income-producing multifamily asset.
Located at 303 S Ridge Lane in San Juan, TX 78589, the property is described as providing convenient access to schools, shopping, dining, and major roadways.
Overall, the recent updates throughout the property are intended to provide a turnkey option with reduced future maintenance concerns for owners seeking an income-producing multifamily asset.
Key Highlights
- Fourplex built in 2012 with four units, each featuring 2 bedrooms and 2 bathrooms
- Currently generates $4,120 in monthly rental income
- Recently remodeled fourplex with recent updates throughout the property
Financial Insights For Multifamily LT 5
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 | $58.3k | $14.04 |
| − Vacancy | −$6.4k | −$1.55 |
| EGI | $51.9k | $12.49 |
| − OpEx | −$15.6k | −$3.75 |
| NOI | $36.3k | $8.74 |
4,154 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.0K
$454.1K – $605.5K
NOI $36,327 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$477.8K
$418.1K – $557.4K
NOI $33,446 @ 7.0% cap · market cap 8.38%
Theoretical Best
Hotel Hospitality
$3.13M
$2.74M – $3.65M
NOI $219,020 @ 7.0% cap · market cap 54.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Recently remodeled fourplex with four 2-bedroom, 2-bath units generating $4,120 monthly rent.
Where is this quadplex located?
The property is located at 303 S Ridge Lane San Juan, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fourplex built in 2012 with four units, each featuring 2 bedrooms and 2 bathrooms; Currently generates $4,120 in monthly rental income; Recently remodeled fourplex with recent updates throughout the property
