2513 Beaumont Ave | McAllen, TX | $450,000 | 12.36% Cap Rate

2513 Beaumont Avenue is located in McAllen, Hidalgo County, Texas, near 25th Street and McAllen's Medical Corridor. The property benefits from proximity to Rio Grande Regional Hospital and South Texas Health System's McAllen campus, both reported within approximately two miles, as well as La Plaza Mall within approximately three miles. This location supports short-term rental demand from healthcare professionals, traveling nurses, contractors, patients' families, and visitors needing convenient access to healthcare, retail, dining, and employment centers. Public records identify the site with RM zoning and apartment use.A renovated 5-unit short-term rental portfolio in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing. At a 32.6% expense ratio and $90,000 per unit, this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring. 1031 exchange ready. Dual-exit strategy available — continue as STR or convert to long-term rentals at $1,300–$1,600/unit/month. Contact: Edson Carvajal, TACS | SVN | Hanna Solutions | (956) 322-4001