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    1907 Jason Ave Edinburg, TX 78539

    For Sale
    $1,695,000

    20-Unit Apartment Complex, High Occupancy

    Property size:
    14,025 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional multifamily investment opportunity in Edinburg, Texas, presents a portfolio of five well-maintained four-plex buildings totaling 20 units. Each unit offers approximately 700 square feet of living space, featuring one bedroom and one bathroom. The property sits on a 1.08-acre lot and encompasses a total of 14,025 square feet of building space. Constructed in 1993, this property benefits from its strategic location near the intersection of Sugar Road and Sprague, providing convenient access to the University of Texas Rio Grande Valley (UTRGV), numerous shopping and dining establishments on University Drive, and recreational amenities at Edinburg Bicentennial Park. All 20 units are currently rented, ensuring immediate cash flow and demonstrating strong tenant demand. This prime location near UTRGV makes it particularly attractive to students, contributing to consistent occupancy rates. The asking price for this turnkey investment is $1,695,000. This represents a compelling opportunity to capitalize on the robust rental market in a thriving Texas community. The property's strong occupancy and desirable location make it an ideal addition to any investment portfolio. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a rapidly growing area.

    Property Features for 1907 Jason Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,025 SF
    Lot Size
    47,045 SF

    Building Details

    Year Built
    1993
    Buildings
    5
    Units
    20

    HighLights

    • 20‑unit multifamily portfolio in Edinburg, TX.
    • Each unit is a 700 sq ft, 1 bed/1 bath.
    • Situated on a 1.08‑acre lot with 14,025 sq ft of building space.
    • Built in 1993, near Sugar Rd & Sprague, close to UTRGV, shopping, and Edinburg Bicentennial Park.
    • 100% occupancy, generating immediate cash flow.
    • Asking price: $1,695,000.
    Property Profile Insight Report 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 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
    -98.1830638
    Latitude
    26.2976422

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Apartment Complex, High Occupancy
    Where is this multifamily property located?
    The property is located at 1907 Jason Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: 20-unit multifamily portfolio in Edinburg, TX.; Each unit is a 700 sq ft, 1 bed/1 bath.; Situated on a 1.08-acre lot with 14,025 sq ft of building space.
    Request Owner's contact information
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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
    1907 Jason Ave Edinburg, TX 78539
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