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2505 S Parkwood Dr
Harlingen, TX 78550

$3,750,000 USD

Apartments For Sale  •  64,024 SF

Property Details

  • Property Type Apartments
  • Total Building Size 63,892 SF
  • Lot Size 3.31 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 7.10 %
  • Zoning C
0 Transit Score
21 Walk Score

Highlights

With a focused mix of 50 multi-bedroom units composed entirely of 2-bedroom and 3-bedroom floor plans, averaging 1,281 square feet
Harlingen, Texas benefits from a fundamentally strong and supply-constrained rental market, supported by stable population trends
Units at Harlingen Estates largely remain in classic condition, providing investors with a highly attractive value-add opportunity.
The property features brand new roofs installed in 2023 across the entire community, significantly reducing near-term capital expenditures
Cap Rate: 7.10 %

Amenities

  • Air Conditioning
  • Clubhouse
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Pool
  • Washer/Dryer Hookup
  • Heating
  • Basketball Court
  • Kitchen
  • Refrigerator
  • Range

Public Transportation

AirportDriveWalkDistance
Valley International 19 min - 6.3 mi
Brownsville/South Padre Island International 39 min - 27.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 78
Type: Surface
Included in Rent: Yes
Buddy Gaston 512-535-1015 Matthews Real Estate Investment Services
Buddy Gaston 512-535-1015 Matthews Real Estate Investment Services