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    608 Mccoll Rd Edinburg, TX 78539

    Sponsored
    For Sale
    $495,000

    Six-unit apartment building, prime location, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional six-unit apartment building, located at 608 N Mccoll Road, Edinburg, TX 78539, presents a compelling investment opportunity. The property, built in 1976, comprises two buildings situated on a 10,079.78 square foot lot. The unit mix consists of five two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit, offering a diverse range of living spaces. While the property shows its age, it maintains excellent structural integrity and is currently in good condition. The owner has undertaken minor improvements, and a significant opportunity exists to increase rental income to reflect current market rates. Its strategic location on a main road provides excellent visibility and accessibility. Furthermore, its proximity to the University of Texas Rio Grande Valley (UTRGV), shopping centers, and restaurants enhances its appeal to tenants. This property is priced at $495,000 and offers investors a solid foundation for substantial returns. The property's strong location and potential for rental growth make it an attractive investment prospect.

    Property Features for 608 Mccoll Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1976
    Buildings
    2
    Units
    6

    HighLights

    • Six‑unit apartment building in Edinburg, TX.
    • Built in 1976 on a 10,079.78 sq ft lot.
    • Unit mix: five 2 bed/1 bath, one 1 bed/1 bath.
    • Good condition with potential for rental income increase.
    • Excellent location on main road near UTRGV, shopping, and restaurants.
    • Priced at $495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -98.1884949
    Latitude
    26.268255

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, prime location, high rental potential.
    Where is this multifamily property located?
    The property is located at 608 Mccoll Rd 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: Six-unit apartment building in Edinburg, TX.; Built in 1976 on a 10,079.78 sq ft lot.; Unit mix: five 2 bed/1 bath, one 1 bed/1 bath.
    Request Owner's contact information
    608 Mccoll Rd Edinburg, TX 78539
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    Edinburg, TX 78539
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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
    608 Mccoll Rd Edinburg, TX 78539
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