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201-205 1St Ave Edinburg, TX 78539

For Sale
$599,000

Three-unit apartment building, excellent investment.

Description

Added:
Dec 11, 2024
Days on Market:
365
This exceptional three-unit apartment building, constructed in 2013, presents a compelling investment opportunity in the vibrant city of Edinburg, Texas. Situated on a generous 7,099.84 square foot corner lot, this property offers convenient access to the University of Texas Rio Grande Valley. The building comprises three identical units, each boasting a spacious 1475 square feet of living space. Each unit features three bedrooms and two and a half bathrooms, providing ample living space for residents. Private balconies add to the appeal of each unit, offering outdoor living space. The property's prime location and the desirability of its features make it an attractive option for both investors seeking strong rental income and those looking for a multi-unit property in a thriving community. The asking price for this well-maintained property is $599,000. This represents a significant opportunity to acquire a valuable asset in a rapidly growing Texas market. The property's solid construction and desirable features make it a low-maintenance investment with high potential for long-term appreciation. The address is 201-205 S 1st Avenue, Edinburg, TX 78539.

Property Features for 201-205 1St Ave

General Information

Property type
Multifamily properties

Building Details

Year Built
2013
Buildings
1
Units
3

HighLights

  • Exceptional three‑unit apartment building, built in 2013, located in Edinburg, TX.
  • Situated on a 7,099.84 sq ft corner lot, near UT Rio Grande Valley.
  • Three identical units, each 1,475 sq ft with three bedrooms and two and a half baths.
  • Each unit features a private balcony.
  • Asking price: $599,000.
Property Profile Location Intelligence

Current Use by Public Records

Small apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Edinburg
County
Hidalgo
State
Texas
Longitude
-98.1737689
Latitude
26.301649

FAQs

What type of property is this?
Multifamily property - Three-unit apartment building, excellent investment.
Where is this multifamily property located?
The property is located at 201-205 1St Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Exceptional three-unit apartment building, built in 2013, located in Edinburg, TX.; Situated on a 7,099.84 sq ft corner lot, near UT Rio Grande Valley.; Three identical units, each 1,475 sq ft with three bedrooms and two and a half baths.
More about this property
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