NAPA HEIGHTS is a multi-family asset located in prime, central south Mcallen Texas. Built in 2014, Napa Heights consists of a mixed 1-2-& 3 bd, 48 unit complex w/ BLDG 1 & BLDG 2, each two story. Complex is located, and has easy access to two major traffic corridors, U.S Expressway 83 and 10th St. Property is currently managed by a licensed Property Manager off site; water, cable and trash are included in rent. Each unit has refrigerator, stove/range and washer/dryer connections. Total land area is 2.58 acres (approx.) There remains an unimproved parcel at the south section of the site. Future additional units may be built there and potentially would increase CAP rate and value add appreciation. Seller is in the process of analyzing the size of the unimproved site and how many more units can be built there. This property is located walking distance to two Major Hospitals, numerous Medical offices, abundant Retail, Shopping and Community service Centers.
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