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    700 Monmack Rd Edinburg, TX 78539

    For Sale
    $3,000,000

    12-Unit Multifamily Investment Opportunity

    Property size:
    15,816 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 12-unit apartment building, completed in 2023, presents a compelling investment opportunity in Edinburg, Texas. Located at 700 S Monmack Road, this property boasts a total of 15,816 square feet situated on a generous 40,945.96 square foot lot. The complex comprises twelve meticulously designed townhomes, each featuring two bedrooms, two and a half bathrooms, a bonus room, and a one-car garage. Each unit offers 1,318 square feet of living space and is equipped with high-quality appliances, minimizing potential maintenance and turnover costs. The prime location, just minutes from the University of Texas Rio Grande Valley (UTRGV) and North 10th Street, ensures strong rental demand and long-term stability. This modern, well-maintained property offers a rare chance to acquire a high-yield, low-maintenance investment in a thriving Texas market. The asking price for this turnkey multifamily asset is $3,000,000. The property's proximity to UTRGV makes it particularly attractive to students and faculty, guaranteeing a consistent stream of high-quality tenants. This is a truly exceptional opportunity for investors seeking a stable and profitable addition to their portfolio. The building's modern design and high-quality construction ensure long-term value and minimal upkeep. Don't miss this chance to own a piece of Edinburg's vibrant real estate market. The property is zoned for multifamily use and is ready for immediate occupancy.

    Property Features for 700 Monmack Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,816 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Units
    12

    HighLights

    • New 12‑unit apartment building completed in 2023.
    • 15,816 square feet on a 40,945.96 square foot lot in Edinburg, TX.
    • Twelve 2 bed/2.5 bath townhomes, each with a bonus room and one‑car garage, totaling 1,318 sq ft.
    • High‑quality appliances minimize maintenance and turnover.
    • Prime location near UTRGV, ensuring high rental demand.
    • Asking price: $3,000,000.
    Property Profile 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
    -98.2029915
    Latitude
    26.3008722

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    FAQs

    What type of property is this?
    Multifamily property - 12-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 700 Monmack Rd Edinburg, TX.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: New 12-unit apartment building completed in 2023.; 15,816 square feet on a 40,945.96 square foot lot in Edinburg, TX.; Twelve 2 bed/2.5 bath townhomes, each with a bonus room and one-car garage, totaling 1,318 sq ft.
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    700 Monmack Rd Edinburg, TX 78539
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    Edinburg, TX 78539
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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
    700 Monmack Rd Edinburg, TX 78539
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