Brick Multifamily Apartment
For Sale
Contact for pricing
Pending
615 South Sugar Road, Edinburg, TX 78539
91-unit multifamily asset features eleven buildings with an on-site office and a flat roof with pitched composition shingle elements.
Property SizeContact for details
Days on Market120
Property Features for 615 South Sugar Road
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
91
Listing Agency:
capital and land
Listed By:
Craig Swanson · License #TX 538612
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 7 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of capital and land
Investment Insights
Based on property information with market context.
University Manor is a 91-unit multifamily apartment community comprising eleven buildings, including an on-site office. The exterior combines brick veneer walls with a mix of flat roof sections and pitched composition shingle roofing.
The property is located at 615 South Sugar Road in Edinburg, Hidalgo County, Texas. The offering notes that current ownership has higher-than-expected expense ratios, particularly in general and administrative, which can pressure net operating income.
The listing indicates that operating expense management and targeted upgrades may support improved performance for a new owner. Potential year-one improvements referenced include an interior light enhancement package and an exterior re-paint. The remarks also discuss the possibility of rent growth, with one-bedroom and two-bedroom units referenced as having room to increase from current market averages.
The property is located at 615 South Sugar Road in Edinburg, Hidalgo County, Texas. The offering notes that current ownership has higher-than-expected expense ratios, particularly in general and administrative, which can pressure net operating income.
The listing indicates that operating expense management and targeted upgrades may support improved performance for a new owner. Potential year-one improvements referenced include an interior light enhancement package and an exterior re-paint. The remarks also discuss the possibility of rent growth, with one-bedroom and two-bedroom units referenced as having room to increase from current market averages.
Key Highlights
- 91‑unit multifamily asset in Edinburg, Hidalgo County, TX
- Eleven buildings plus an on‑site office
- Brick veneer construction with a mix of flat roof and pitched composition shingle elements
Property Analytics
Current Use
Lease Details
91
Residential units
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 91-unit multifamily asset features eleven buildings with an on-site office and a flat roof with pitched composition shingle elements.
Where is this apartment building located?
The property is located at 615 South Sugar Road Edinburg, TX.
What are key features of this property?
This property features: 91‑unit multifamily asset in Edinburg, Hidalgo County, TX; Eleven buildings plus an on‑site office; Brick veneer construction with a mix of flat roof and pitched composition shingle elements
