Village Apartments McAllen, TX

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Village Apartments

Address

2709, 2800 & 2713 North 30th
McAllen, TX 78501

Summary

Units: 18
Year Built: 1983

Investment Highlights

Positive Submarket Fundamentals
Located in a Low Supply Submarket
True Value-Add Opportunity
Zoned to McAllen School District

Positive Submarket Fundamentals

Strong multifamily market fundamental trends, where the immediate submarket has an average occupancy of 97%+ over the past four years, and minimal new supply pipeline is projected through 2022.

Located in Low Supply Submarket

Unique opportunity to buy well below replacement costs as land and construction costs continue to rise.

True Value-Add Opportunity

1983 vintage-Village Apartments is a blank canvas for capital investment and operational enhancement:

Unit interiors are still in classic condition and present a new owner the opportunity to upgrade and increase rents to compete with newer upgraded properties.

New owner can implement new revenue programs such as cable and internet package.

Zoned to McAllen School District

Affluent resident and location demographics provide a key foundation for future rent growth as the McAllen submarket has historically experienced exceptional historic rent growth.

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Points of Interest

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Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.