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    1504 Prosperity Dr Edinburg, TX 78541

    For Sale
    $380,000

    Four-unit apartment building, high rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a well-maintained, two-building multifamily property located at 1504 Prosperity Drive, Edinburg, Texas, 78541. The property, built in 2003, sits on a spacious 10,802.88 square foot lot and comprises four individual units, each featuring two bedrooms and two bathrooms. Currently fully occupied, this 4-plex offers immediate rental income potential. Its prime location in Edinburg, Texas, provides convenient access to the University, further enhancing its appeal to renters and maximizing its investment value. The property's strong rental history and proximity to the University contribute to a consistently high occupancy rate. The asking price for this lucrative investment is $380,000. This is a turnkey opportunity for investors seeking a stable and profitable addition to their portfolio. The property's solid construction and desirable location make it an attractive option for both experienced and new investors. Don't miss this chance to acquire a well-established multifamily property in a thriving Texas community.

    Property Features for 1504 Prosperity Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2003
    Buildings
    2
    Units
    4

    HighLights

    • Well‑maintained, 4‑unit multifamily property in Edinburg, TX.
    • Built in 2003, situated on a 10,802.88 sq ft lot.
    • Each unit features 2 bedrooms and 2 bathrooms.
    • Currently 100% occupied, offering immediate rental income.
    • Prime location near the University of Texas Rio Grande Valley.
    • Asking price: $380,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1749632
    Latitude
    26.3180639

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high rental income.
    Where is this multifamily property located?
    The property is located at 1504 Prosperity Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Well-maintained, 4-unit multifamily property in Edinburg, TX.; Built in 2003, situated on a 10,802.88 sq ft lot.; Each unit features 2 bedrooms and 2 bathrooms.
    Request Owner's contact information
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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
    1504 Prosperity Dr Edinburg, TX 78541
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