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    1612 Tampa St Edinburg, TX 78541

    For Sale
    $420,000

    Four-unit apartment building, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional four-unit apartment building, located at 1612 Tampa Street in Edinburg, Texas, presents a compelling investment opportunity. Built in 2004, the property boasts a substantial 10,366.84 square foot lot and comprises a single building housing four individual units. Each unit offers a comfortable layout featuring two spacious bedrooms and two full bathrooms, appealing to a wide range of tenants. Currently, all four units are occupied, generating immediate rental income. Recent improvements include a brand-new roof and a fresh coat of paint both inside and out, ensuring the property is in excellent condition and ready for immediate occupancy. The property's strategic location in a thriving Edinburg neighborhood provides easy access to schools, shopping centers, restaurants, and major highways, enhancing its desirability and tenant retention. The asking price for this turnkey investment is $420,000. This multifamily property is ideally suited for investors seeking a strong return on investment in a desirable Texas market. Don't miss this chance to acquire a well-maintained, income-producing asset in a prime location. The property's zip code is 78541, and it is situated in Hidalgo County.

    Property Features for 1612 Tampa St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2004
    Buildings
    1
    Units
    4

    HighLights

    • Four‑unit apartment building in Edinburg, TX.
    • Built in 2004, situated on a 10,366.84 sq ft lot.
    • Each unit features two bedrooms and two bathrooms.
    • 100% occupied, generating immediate income.
    • Recently renovated with a new roof and fresh paint (interior & exterior).
    • Excellent location near schools, shopping, and major highways.
    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 Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1896532
    Latitude
    26.3221107

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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 1612 Tampa St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Four-unit apartment building in Edinburg, TX.; Built in 2004, situated on a 10,366.84 sq ft lot.; Each unit features two bedrooms and two bathrooms.
    Request Owner's contact information
    1612 Tampa 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
    1612 Tampa St Edinburg, TX 78541
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