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    340 Eva St Elsa, TX 78543

    For Sale
    $985,947

    10-Unit Apartment Complex near UTRGV

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10-unit multifamily property, located at 340 Eva Street in Elsa, Texas, presents a compelling investment opportunity. Completed in 2020, the complex comprises five buildings, each housing two units. The property sits on a substantial 34,181.96 square foot lot and is ideally situated just minutes from the University of Texas Rio Grande Valley (UTRGV). The development consists of five three-bedroom, two-bathroom units and five two-bedroom, two-bathroom units, all designed to cater to the needs of students, faculty, and professionals. Its proximity to UTRGV ensures a consistent demand for rental units, making it an attractive prospect for immediate occupancy and rental income generation. The modern design and convenient location contribute to its strong potential for return on investment. All units are currently ready for occupancy, offering immediate cash flow. This turnkey investment in the thriving Elsa market represents a rare opportunity for astute investors seeking a high-yield property with significant upside potential. The asking price for this exceptional property is $985,947. The property's zip code is 78543, and it is located in Hidalgo County.

    Property Features for 340 Eva St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2020
    Buildings
    5
    Units
    10

    HighLights

    • 10‑unit multifamily property in Elsa, TX, built in 2020.
    • Located on a 34,181.96 sq ft lot, minutes from UTRGV.
    • Features five 3/2 units and five 2/2 units, ideal for students and professionals.
    • All units are currently vacant and ready for immediate occupancy.
    • Asking price: $985,947; Hidalgo County, TX, zip code 78543.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9962662
    Latitude
    26.3085407

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    FAQs

    What type of property is this?
    Multifamily property - 10-Unit Apartment Complex near UTRGV
    Where is this multifamily property located?
    The property is located at 340 Eva St Elsa, TX.
    What is the asking price?
    The asking price for this property is $985,947.
    What are key features of this property?
    This property features: 10-unit multifamily property in Elsa, TX, built in 2020.; Located on a 34,181.96 sq ft lot, minutes from UTRGV.; Features five 3/2 units and five 2/2 units, ideal for students and professionals.
    Request Owner's contact information
    340 Eva St Elsa, TX 78543
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    Elsa, TX 78543
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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
    340 Eva St Elsa, TX 78543
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