112 6th St San Juan, TX 78589-2608
Property profile & analytics
112 6th St San Juan, TX 78589-2608
- Apartment buildings
- 3,456 SF
- 0.48 lot acres
Property ID
US82-4314429
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 112 6th St
- Year built
- 1970
- Lot size
- 0.48 lot acres
- Property size
- 3,456 SF
- Property type
- Apartment buildings
- APN
- S1000-00-034-0002-00
- APU
- S100000034000200
Description
This exceptional investment opportunity presents a 10-unit apartment building in San Juan, Texas, boasting a strong 100% occupancy rate as of August 11, 2024. The property, located at 112 E 6th Street, comprises nine spacious one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, some partially furnished. Situated on a substantial 20,999.84 square foot lot, the single-story building totals 5,824 square feet and was constructed in 1970. The property benefits from a prime location, just one mile from Expressway 83/Highway 2 and the Basilica, offering convenient access to shopping, dining, and the new city offices, located just half a block away. The current Net Operating Income (NOI) stands at $50,000, yielding an impressive 11.11% cap rate. Pro-forma NOI is projected at $47,800, resulting in a 10.62% pro-forma cap rate. The asking price is $450,000, translating to $45,000 per unit and $77.27 per square foot. The property is zoned R-2. This multifamily investment offers significant potential for strong returns in a desirable Texas location. The property's current high occupancy rate and convenient location make it an attractive proposition for investors seeking a stable and profitable investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1549
- Latitude
- 26.1881
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,443
$99,750
$278,096
$377,846
-
$99,750
$278,096
$377,846
