2612 1/2 Edinburg, TX 78541
- Apartment buildings
- 1.60 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2612 1/2
- Year built
- 1999
- Lot size
- 1.60 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 24-unit apartment complex ideally situated in Edinburg, Texas, at 2612 & 2714 Mile 17 1/2, zip code 78541. The property, encompassing a generous 1.603 acres, consists of two buildings constructed in 1999. The complex offers significant potential for value enhancement and increased rental income. One unit has recently undergone a complete remodel, showcasing the potential for upgrading the entire complex. This modernization could significantly boost profitability. Alternatively, the property can continue operating as is, providing a steady stream of cash flow. The property's prime location near the University of Texas Rio Grande Valley (UTRGV) ensures strong tenant demand. The asking price for this multifamily investment is $1,895,000. The property boasts a new roof, adding to its overall value and reducing immediate maintenance concerns. This is a rare opportunity to acquire a well-located, established apartment complex with considerable upside potential in the thriving Edinburg market. The property is located in Hidalgo County and offers a strong return on investment for the savvy investor. This turnkey opportunity is ready for immediate income generation or strategic renovation and repositioning.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2248
- Latitude
- 26.3323