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Leased Luxury Fourplex in Eldorado Estates 12638 N. 33rd Ln

4 Unit Block of Flats £419,659 (£104,915/Unit) 8.40% Net Initial Yield McAllen, TX 78504

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Investment Highlights

Fully leased-Outstanding buid quality attracts great tenants
So close to beautiful outdoor recreation with playgrounds, ball fields, small concert venue, 20 Miles of bike/walking trails, and MORE!

Fantastic private community layout, wide roads, gated community make families feel comfortable

Executive Summary

This FULLY LEASED brand new Fourplex is in a highly desirable locations that tenants will love. Imagine how great your tenants will feel when they see the new Stainless Steel Kitchen appliances, and they get to take the label off the new Washer and Dryer!! This private gated community spans over 150 developed acres, just 5 min from Tres Lagos with all the recreation tenants could desire. The surrounding neighborhood is near quality public schools, coffee shops, supermarkets, wine bars, fine dining, yoga classes, day care, parks and recreation, stadiums and entertainment venues, and a University of Texas campus with over 31,000 students just 10 minutes away. Featuring a Fourplex built to custom home standards with decorative recessed ceilings and high-end finishes. Stainless steel refrigerators,microwave, range, washer, dryers, and window coverings are included in the package. All large 4 units-2 are 3bed/2 ba 1175 sq ft each and 2- are 2bed/2ba 915 sq ft each

Eldorado 1

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£47,535	£11.45
Other Income	-	-
Vacancy Loss	£1,901	£0.46
Effective Gross Income	£45,634	£11.00
Taxes	£8,236	£1.98
Operating Expenses	£3,282	£0.79
Total Expenses	£11,518	£2.78
Net Operating Income	£34,116	£8.22

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£47,535
Annual Per SF	£11.45

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	£1,901
Annual Per SF	£0.46

Effective Gross Income
Annual	£45,634
Annual Per SF	£11.00

Taxes
Annual	£8,236
Annual Per SF	£1.98

Operating Expenses
Annual	£3,282
Annual Per SF	£0.79

Total Expenses
Annual	£11,518
Annual Per SF	£2.78

Net Operating Income
Annual	£34,116
Annual Per SF	£8.22

Property Facts

Price	£419,659	Apartment Style	Low Rise
Price Per Unit	£104,915	Lot Size	0.24 AC
Sale Type	Investment	Building Size	4,150 SF
Net Initial Yield	8.40%	Average Occupancy	100%
No. Units	4	Number of Floors	1
Property Type	Residential	Year Built	2024
Property Subtype	Apartment	Parking Ratio	1.93/1,000 SF

Price	£419,659
Price Per Unit	£104,915
Sale Type	Investment
Net Initial Yield	8.40%
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Lot Size	0.24 AC
Building Size	4,150 SF
Average Occupancy	100%
Number of Floors	1
Year Built	2024
Parking Ratio	1.93/1,000 SF