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    2213 Multi-National Harlingen, TX 78550

    For Sale
    $470,000

    Eight-unit apartment complex, high ROI.

    Property size:
    3,504 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fully occupied eight-unit apartment building situated on a 9,600 square foot lot in Harlingen, Texas. Constructed in 2021, the property comprises two buildings with a combined 3,504 square feet of living space. Each of the eight units is meticulously maintained, contributing to high tenant satisfaction and consistent rental income. The property boasts a strong 7%+ capitalization rate, making it an attractive prospect for both seasoned and first-time investors seeking a reliable cash flow stream. Its strategic location offers easy access to the expressway and proximity to the airport, enhancing its appeal to renters and ensuring low vacancy rates. The property's modern construction and desirable location combine to create a compelling investment opportunity with significant potential for long-term growth and profitability. This turnkey operation requires minimal management, making it ideal for passive income generation. The asking price for this exceptional multifamily property is $470,000. Detailed financial statements are available upon request.

    Property Features for 2213 Multi-National

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,504 SF

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    8
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.7194933
    Latitude
    26.2207526

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit apartment complex, high ROI.
    Where is this multifamily property located?
    The property is located at 2213 Multi-National Harlingen, TX.
    What is the asking price?
    The asking price for this property is $470,000.
    Request Owner's contact information
    2213 Multi-National Harlingen, TX 78550
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    Harlingen, TX 78550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2213 Multi-National Harlingen, TX 78550
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