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    424 Chavez St Edinburg, TX 78541

    Sponsored
    For Sale
    $459,000

    Four-unit apartment building, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional fourplex, located at 424 W Chavez Street in Edinburg, Texas, presents a compelling investment opportunity. Built in 2021, this property boasts a total of four units, spread across two buildings, each housing two units. The buildings sit on a generous 5,679.78 square foot lot. Each unit offers 1 bedroom and 1 bathroom, totaling 2,688 square feet of living space. The property is conveniently located near the University of Texas Rio Grande Valley (UTRGV), ensuring a consistent demand for rental units. Modern amenities include a wood fence, central HVAC systems, and tile flooring throughout. All appliances are included in each unit, simplifying tenant occupancy and reducing management concerns. The property's recent construction (2021) minimizes maintenance needs and maximizes potential rental income. With the potential for future rent increases, this fourplex offers a strong return on investment in a thriving Texas market. The asking price is $459,000. This is a turnkey investment ready for immediate income generation. The property's location near UTRGV provides a stable tenant base and strong rental demand. Don't miss this chance to acquire a high-yield multifamily property in a rapidly growing area.

    Property Features for 424 Chavez St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    4
    Units
    4

    HighLights

    • Newly constructed (2021) fourplex in Edinburg, TX.
    • Four units total, two units per building, on a 5,679.78 sq ft lot.
    • Each unit features one bedroom, one bathroom, and is approximately 672 sq ft.
    • Located near the University of Texas Rio Grande Valley (UTRGV).
    • Includes all appliances, central HVAC, tile flooring, and wood fencing.
    • Asking price: $459,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -98.165294
    Latitude
    26.3107204

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent ROI.
    Where is this multifamily property located?
    The property is located at 424 Chavez St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Newly constructed (2021) fourplex in Edinburg, TX.; Four units total, two units per building, on a 5,679.78 sq ft lot.; Each unit features one bedroom, one bathroom, and is approximately 672 sq ft.
    Request Owner's contact information
    424 Chavez 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
    424 Chavez St Edinburg, TX 78541
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