Harlingen Duplex and Storage Portfolio

Pending
Projected 10.67% CAP RATE. Harlingen Investment Portfolio consisting of 3 duplexes and a 26 unit Storage facility with a 3 bedroom/2 bath attached apartment. Excellent location close to Harlingen Country Club and nearby residential and commercial new construction.. Each existing duplex consists of 2 bedroom, 2 bath units with an enclosed screen porch and totals about 1349 sf/ unit. Current duplex units lease for $775-875 . 20 x 10 storage units lease for $65-$100/ month and 6×8 units for $40/ month. Beautiful 3/2 apartment over storage leases for $875/ month. Additional 588 sf office or 1 bedroom apt space available for $500/month, plus owner receives income for RV/Trailer parking. Owner has plans available to convert storage facility into loft apartments ( 5 TOTAL, 2/2 units).
Price:$565,000
Address:405-429 Palm Valley Cir
City:HARLINGEN
State:TX
ZIP:78552
Year Built:1996
Floors:Tile
Square Feet:15,753
Lot Square Feet:1.23 acres
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