- Positive Submarket Fundamentals
- Located in a Low Supply Submarket
- True Value-Add Opportunity
- Zoned to McAllen School District
Positive Submarket Fundamentals
Strong multifamily market fundamental trends, where the immediate submarket has an average occupancy of 97%+ over the past four years, and minimal new supply pipeline is projected through 2022.
Located in Low Supply Submarket
Unique opportunity to buy well below replacement costs as land and construction costs continue to rise.
True Value-Add Opportunity
1983 vintage-Village Apartments is a blank canvas for capital investment and operational enhancement:
Unit interiors are still in classic condition and present a new owner the opportunity to upgrade and increase rents to compete with newer upgraded properties.
New owner can implement new revenue programs such as cable and internet package.
Zoned to McAllen School District
Affluent resident and location demographics provide a key foundation for future rent growth as the McAllen submarket has historically experienced exceptional historic rent growth.
