Lauryn Dr San Juan, TX 78589
- Commercial real estate
- 4,120 SF
Current Use by Public Records
- Commercial real estate
Property Details for 0 Lauryn Dr
- Year built
- 2024
- Property size
- 4,120 SF
- Property type
- Commercial real estate
Description
This striking, brand-new fiveplex in San Juan, Texas, offers an exceptional investment opportunity with a strong 8.11% cap rate. The property boasts 4,120 square feet of net rentable space across five units, each featuring modern finishes and high-quality appliances. Unit layouts include a mix of one, two, and three-bedroom options, maximizing rental income potential. Built in 2024, the property features two buildings, each one story, situated on a 10,200 square foot lot. Amenities include a gated entrance, sidewalks, and streetlights. High-quality construction includes custom cabinets, stainless steel appliances (including washer/dryer in each unit), quartz countertops, double-pane windows, and central HVAC. The property is currently 100% occupied, generating a pro-forma NOI of $46,214. Its convenient location near McAllen, UTRGV, and various amenities makes it highly attractive to renters. The asking price is $545,000, or $109,000 per unit, with a price per square foot of $132.28. This turnkey investment is move-in ready and presents a compelling opportunity for immediate returns. The property is zoned for multi-family residential use. The property includes two parking pads.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1528
- Latitude
- 26.2285
