221 Rafael Drive, San Juan, TX 78589
- $509,000
- 4,286
- SqFt
- List Price
- $509,000
- Status
- ACTIVE
- MLS#
- 514795
- Living Area
- 4,286
- Lot Size (Acres)
- 0.23950000000000002
- Year Built
- 2022
Property Description
Excellent investment opportunity in San Juan! Built in 2022, this modern fourplex features four spacious 3-bedroom, 2-bath units with approximately 1,114 sq. ft. each and combined monthly rents of $5,125. Offered at $509,000, the property generates $61,500 in annual gross income and an estimated $43,419 NOI, producing an attractive 8.53% cap rate based on the expenses provided. Three matching fourplexes are available and may be purchased individually or together as a 12-unit portfolio for $1,527,000. Combined, the portfolio generates approximately $184,500 in annual gross income with an estimated $130,257 NOI, maintaining an 8.53% cap rate—an outstanding opportunity to acquire newer construction with immediate income and long-term portfolio potential. And there's still room to negotiate - which means...an even BETTER CAP RATE.
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Additional Information
- Area
- San Juan
- Subdivision
- Carroll Estates
- Taxes
- $12,309
- HOA Fee
- $650
- Stories
- 1
- Interior Features
- Ceiling Fan(s), Dryer, Microwave, Washer
- Amenities
- Curbs, Sidewalks, Street Lights
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Sewer
- City Sewer
- School District
- PSJA ISD
- Elementary School
- Clover
- Middle School
- Austin
- High School
- PSJA H.S.
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Listing courtesy of Avinaash Nash Buxani with Winners Circle
