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    7504 Us Hwy 281 Hwy Edinburg, TX 78542

    For Sale
    $675,000

    Ten-unit apartment complex, newly remodeled.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 10-unit apartment complex in Edinburg, Texas, presents a compelling investment opportunity. Located at 7504 US Highway 281 Highway, this property boasts a prime location just off Highway 69C/281, ensuring high visibility and convenient access. The complex comprises three buildings constructed in 1970, situated on a one-acre lot. Recent renovations include a new roof, updated air conditioning units, and new water heaters, minimizing immediate maintenance needs. The unit mix offers a diverse range of floor plans to cater to various tenant preferences, including four 4-bedroom/4.5-bathroom units, several 3-bedroom/2-bathroom units, 2-bedroom/1-bathroom units, and a selection of one-bedroom and studio apartments. The property's one-acre lot provides significant potential for future expansion, allowing for increased rental income and enhanced property value. The asking price for this turnkey investment is $675,000. This property is situated in Hidalgo County, Texas, with a zip code of 78542. The property's coordinates are 26.3546817 latitude and -98.1120116 longitude. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property with significant upside potential.

    Property Features for 7504 Us Hwy 281 Hwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1970
    Buildings
    3
    Units
    10

    HighLights

    • $675,000 asking price.
    • Ten‑unit multifamily apartment building.
    • Located in Edinburg, TX, at 7504 US Highway 281.
    • Three buildings on a one‑acre lot.
    • Built in 1970, recently remodeled with new roofs, AC units, and water heaters.
    • Unit mix includes studios, one‑bedrooms, two‑bedrooms, three‑bedrooms, and a four‑bedroom unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1120116
    Latitude
    26.3546817

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit apartment complex, newly remodeled.
    Where is this multifamily property located?
    The property is located at 7504 Us Hwy 281 Hwy Edinburg, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price.; Ten-unit multifamily apartment building.; Located in Edinburg, TX, at 7504 US Highway 281.
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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
    7504 Us Hwy 281 Hwy Edinburg, TX 78542
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