221 Rafael Drive

San Juan TX 78589

4286 sq. ft.

10433.06 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.

Features

8 carspaces

8 carport spaces

4286 sq. ft. floor area

10433.06 sq. ft. lot size

Duplex

Property history for 221 Rafael Drive

2022

Sold

Undisclosed

28 Oct 2022 by Patricia Baez

Happy sellers in San Juan

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