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Property profile & analytics
OFF-MARKET Estimated value $865,000
Apartment buildings

3009 Mdw Ln Donna, TX 78537-0970

10,368 SF 0.75 ac lot Built 2016
Individually Owned 16-yr Hold Free & Clear
Property ID
US82-7412510
Property summary
AI-generated overview

This exceptional 9-unit apartment complex, located at 3009 Meadow Lane in Donna, Texas, presents a compelling investment opportunity. Built in 2016, the property consists of two buildings situated on a substantial 32,835.96 square foot lot. The complex comprises nine spacious two-bedroom, two-bathroom apartments, each designed with modern living in mind. Open floor plans, generous square footage, and abundant natural light create comfortable and inviting living spaces for tenants. The property's strategic location in the thriving community of Donna, Texas offers easy access to schools, shopping centers, and major highways, contributing to strong rental demand. The asking price for this well-maintained property is $1,050,000. Ample parking is available for residents. This multifamily investment boasts a desirable combination of modern amenities, convenient location, and strong potential for rental income, making it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's 2016 construction ensures relatively low maintenance costs and a long lifespan for the buildings. The size of the lot provides ample space for potential future expansion or improvements. This turnkey investment is ready for immediate income generation. The Hidalgo County location offers a growing market with consistent demand for rental housing.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2016
Total area 10,368 SF
Lot 0.75 ac (32,836 SF)
APN D6755-01-002-000B-00
UPID US82-7412510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$864k
Blend (final) Blend
$865k
Owner & transaction history
Frank Lerma · 16 yrs held
Frank Lerma
since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +102.4%
Restaurant $1.4M +97.4%
Commercial (general) $1.4M +92.7%
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