Multifamily Property Investment
For Sale
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5105 N Raul Longoria Road, San Juan, TX 78589
Two buildings with seven units, great investment opportunity.
Property Size1,972 SF
Price / SF$157.20
Days on Market1086
Property Features for 5105 N Raul Longoria Road
General Information
Standard status
Active
Size
1,972 SF
Total Parking Spaces
1
Property subtype
Multifamily
Building Details
Year Built
1987
Buildings
1
Units
9
Listing Agency:
Capital Advisors Real Estate Group
Listed By:
Jesus Gonzalez · License #787041
(786) 897-7002
Source:
Crexi
Added: Nov 11, 2023
Changed: Oct 30
Last Checked: Nov 1 at 5:05AM
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 Capital Advisors Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property, located at 5105 N Raul Longoria, presents a real estate investment opportunity. It comprises two buildings with a total of seven units. The main building contains seven apartments, each featuring two bedrooms and one bathroom, offering comfortable living spaces. Additionally, the property includes two trailers, which can serve as additional rental units or alternative housing options. The property's location is highly desirable, adding significant value due to its proximity to amenities, transportation options, and the overall appeal of the area. With multiple units and income generation potential, this property is a perfect investment opportunity. The property size is 1972 square feet.
Key Highlights
- Seven apartments, each with two bedrooms and one bathroom, providing comfortable living spaces.
- Prime location offering high desirability and significant value.
- Consists of two buildings and a total of seven units, maximizing rental income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,878
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,560
$317.6K
Cap Rate 7%
$226,829
$226.8K
Cap Rate 9%
$176,422
$176.4K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$32.7K $16.56/SF
− Vacancy
−$3.8K −$1.92/SF
EGI
$28.9K $14.64/SF
− OpEx
−$13.0K −$6.59/SF
NOI
$15.9K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,560
Cap Rate 7%
$226,829
Cap Rate 9%
$176,422
Alternative Uses
Best Use
Apartment 5plus
$226.8K
$198.5K – $264.6K
NOI $15,878 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.49M
$1.30M – $1.73M
NOI $103,974 @ 7.0% cap · market cap 33.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
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Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with seven units, great investment opportunity.
Where is this apartment building located?
The property is located at 5105 N Raul Longoria Road San Juan, TX.
What is the asking price?
The asking price for this property is $309,999.
What are key features of this property?
This property features: Seven apartments, each with two bedrooms and one bathroom, providing comfortable living spaces.; Prime location offering high desirability and significant value.; Consists of two buildings and a total of seven units, maximizing rental income potential.
