Brick Multifamily Apartment
615 South Sugar Road Edinburg, TX 78539
615 South Sugar Road, Edinburg, TX, 78539
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For Sale
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Pending
91-unit multifamily asset features eleven buildings with an on-site office and a flat roof with pitched composition shingle elements.
Days on Market103
Property Features for 615 South Sugar Road
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
capital and land
Listed by
Craig Swanson · License #TX 538612
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 6:48AM Checked: Jul 21 at 6:48AM
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
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FAQs
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
