2413 N Mojave - The Sands Luxury Apartments

Invest in the momentum of the Hidalgo County and the McAllen MSA with this opportunity to acquire three fully leased apartment subdivisions as residential demand only continues to grow. The properties were built with the utmost quality and delivered from 2008 to as recently as 2017, with most of the units delivered after 2015. The properties are maintained extremely well and each unit is refurbished to made-new condition after a tenant vacates. Each community features charming Spanish Colonial Revival architecture characterized by the stucco exterior, arched entries, and red tile rooves.

The Sands Luxury Apartments is an 84-unit community featuring 21 fourplexes delivered from 2008 to 2017 with two covered parking spots per unit. It is the closest property of the portfolio to The University of Texas Rio Grande Valley (UTRGV), which is 2 miles away, and residents can drive to amenities like Lowe’s, Walmart, Planet Fitness, Dollar Tree, and dozens of restaurants.

Stony Brook Apartments is a seven-fourplex subdivision comprising 28 units built in 2016. The fully leased units are each 2,210 square feet with two covered parking spots per unit and rent from $1,050 to $1,250 per month. Stony Brook is ideally positioned for excellent access, with Interstate 69C a mile away. Its surroundings are replete with shopping centers and restaurants, and the schools nearby make this a great living option for families.

Hacienda Saint Lucia Apartments consists of eight large fourplexes with 32 units ranging from 4,392 to 4,652 square feet, and the rent is $1,050 monthly. Built in 2015, these units are high-quality and present ample opportunity to raise rents. Amenities abound as the subdivision abuts two popular shopping centers and La Plaza Mall is 10 minutes away, which boasts the most sales-per-square-foot of any mall in the US.

As a border region, the area is a major hub for international commerce and cements the market as a long-lasting economic center. From 2023 to 2024, the region saw its border bridge crossings and number of flights increase by 15.42% and 19.5%, respectively. Year-over-year unemployment is down 6.13%, indicating a boom of economic success for the region, and as a result, housing is in high demand. This portfolio is the perfect opportunity to invest in this rising market with assets perfectly positioned to the demand. Enquire now to learn more.