221 Rafael Drive, San Juan, TX 78589

$509,000
: 4,286
SqFt

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List Price: $509,000
Status: ACTIVE
MLS#: 514795
Year Built: 2022
Living Area: 4,286
Lot Size: 10,433
Acres: 0.24
Subdivision: Carroll Estates
MLS Area Major: San Juan

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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.

(512) 596-9111

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Additional Information

Amenities: Curbs, Sidewalks, Street Lights
Interior Features: Ceiling Fan(s), Dryer, Microwave, Washer
Taxes: $12,309
HOA Fee: $650
HOA Frequency: Annually
Appliances: Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
Heating: Central, Electric
Air Conditioning: Central Air, Electric
Stories: 1
Foundation: Slab
Parking Features: Other Garage or Carport
School District: PSJA ISD
Elementary School: Clover
Middle School: Austin
High School: PSJA H.S.