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    1207 Prosperity Dr Edinburg, TX 78541

    Sponsored
    For Sale
    $425,000

    Four-unit apartment building, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional four-unit apartment building, located at 1207 Prosperity Drive in Edinburg, Texas, presents a compelling investment opportunity. Built in 2004, the property boasts a single building encompassing four units, offering immediate income potential. The asking price is $425,000. Situated in the rapidly expanding city of Edinburg, this property benefits from a strategic location, ideally positioned next to the University. This proximity to a major educational institution ensures a consistent demand for rental units, contributing to strong occupancy rates and a stable income stream. The property's 2004 construction suggests relatively low maintenance needs in the near term, further enhancing its investment appeal. The property's address is 1207 Prosperity Drive, Edinburg, TX 78541, within Hidalgo County, and its precise coordinates are 26.3181421 latitude and -98.1724789 longitude. This multifamily property, classified as an apartment building and specifically a duplex/triplex/quadruplex, offers a solid foundation for building a robust real estate portfolio. The property's strong location and solid construction make it an attractive option for investors seeking a stable and potentially high-return investment in a thriving Texas market. Detailed financial information and further property specifics are available upon request.

    Property Features for 1207 Prosperity Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2004
    Buildings
    1
    Units
    4

    HighLights

    • Four‑unit apartment building in Edinburg, TX, asking $425,000.
    • Built in 2004, offering immediate income potential.
    • Excellent location near the University of Texas Rio Grande Valley, ensuring high occupancy.
    • Low maintenance needs due to newer construction.
    • Located at 1207 Prosperity Drive, Edinburg, TX 78541 (Hidalgo County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -98.1724789
    Latitude
    26.3181421

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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 1207 Prosperity Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Four-unit apartment building in Edinburg, TX, asking $425,000.; Built in 2004, offering immediate income potential.; Excellent location near the University of Texas Rio Grande Valley, ensuring high occupancy.
    Request Owner's contact information
    1207 Prosperity Dr 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
    1207 Prosperity Dr Edinburg, TX 78541
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