409 Rafael Drive

San Juan TX 78589

4456 sq. ft.

10415.2 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.

Features

8 carspaces

8 carport spaces

4456 sq. ft. floor area

10415.2 sq. ft. lot size

Duplex

Property history for 409 Rafael Drive

2022

Sold

Undisclosed

28 Oct 2022

Happy sellers in San Juan

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