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    403 Pirul St Edinburg, TX 78541

    Sponsored
    For Sale
    $495,000

    Four-unit apartment building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional multifamily investment opportunity presents a well-maintained, four-unit apartment building situated on a spacious 11,154.845 square foot corner lot in Edinburg, Texas, zip code 78541. Built in 2015, the property consists of two buildings, offering a desirable blend of modern amenities and prime location. Each of the four units boasts luxurious finishes including industrial gray-white walls, beautiful porcelain flooring, and rainfall showers. Granite countertops grace both the kitchens and bathrooms, complemented by modern fixtures throughout, encompassing ceiling fans, lighting, faucets, sink vessels, and showerheads. Appliances are included in each unit. Residents enjoy the privacy of fenced, concrete slab private patio areas. The property's location at the end of a dead-end street ensures minimal traffic and enhanced privacy. Its proximity to the University of Texas Rio Grande Valley makes it highly attractive to students and young professionals. Note that rent adjustments are planned for three of the four units at the end of 2024. This property presents a strong investment opportunity with significant potential for rental income and appreciation. The asking price for this turnkey property is $495,000.

    Property Features for 403 Pirul St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2015
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment building on an 11,154.845 sq ft corner lot in Edinburg, TX (78541).
    • Built in 2015, consisting of two buildings.
    • Units feature modern finishes including granite countertops, porcelain flooring, and rainfall showers. Appliances included.
    • Each unit has a private fenced patio.
    • Located on a quiet dead‑end street near UT Rio Grande Valley.
    • Three units will see rent increases at the end of 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1642164
    Latitude
    26.3114636

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent location.
    Where is this multifamily property located?
    The property is located at 403 Pirul St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Four-unit apartment building on an 11,154.845 sq ft corner lot in Edinburg, TX (78541).; Built in 2015, consisting of two buildings.; Units feature modern finishes including granite countertops, porcelain flooring, and rainfall showers. Appliances included.
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    403 Pirul St Edinburg, TX 78541
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    Edinburg, TX 78541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 Pirul St Edinburg, TX 78541
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