122 W Washington Avenue W

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122 W Washington Avenue W

Harlingen, TX 78550
Asking Price
$250K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Harlingen, Texas
  • Property features a total of nine individual units
  • Asset is currently offered for sale at $250,000
  • Located at 122 W Washington Avenue W zip 78550
  • Strategically positioned within the Rio Grande Valley region

What's Special

This 9-unit multifamily apartment building is available for sale in Harlingen, Texas. Situated at 122 W Washington Avenue W, the property provides an investment option within a regional hub of the Rio Grande Valley. Harlingen maintains a consistent economic climate supported by its proximity to international trade routes and a steady demographic base in the southern region of the state. The local submarket serves as a central point for residents seeking accessible housing options near established commercial corridors and regional transportation networks. Given the current configuration of the asset, it functions as a residential rental property suited for investors looking to expand their portfolio in a stable suburban environment. The scale of the building allows for efficient management practices, making it a functional acquisition for those focused on income-generating real estate in the Harlingen area.

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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637

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