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    2206 Kimberly Ln Edinburg, TX 78539

    For Sale
    $375,000

    Four-unit apartment building, excellent rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 2206 Kimberly Lane, Edinburg, TX 78539. The property, built in 1999, sits on a substantial 10,579.85 square foot lot and offers a total of 3,640 square feet of living space, currently fully leased and generating immediate rental income. The building boasts a recently remodeled roof, ensuring long-term durability and protection. Both the interior and exterior have been freshly painted, enhancing curb appeal and tenant attraction. This four-plex is strategically positioned near the University of Texas Rio Grande Valley (UTRGV), providing a strong tenant pool and contributing to the property's high occupancy potential and long-term value. The asking price for this turnkey investment is $375,000. This property represents a compelling opportunity for investors seeking a stable, income-producing asset in a desirable location. The property consists of one building and is classified as a multifamily apartment building, specifically a duplex/triplex/quadruplex. Its location in Hidalgo County offers convenient access to local amenities and the university.

    Property Features for 2206 Kimberly Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1999
    Buildings
    1
    Units
    4

    HighLights

    • $375,000 asking price.
    • Four‑unit multifamily apartment building.
    • Located at 2206 Kimberly Lane, Edinburg, TX 78539.
    • Built in 1999, situated on a 10,579 sq ft lot.
    • Currently fully leased, generating immediate rental income.
    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
    -98.1884949
    Latitude
    26.268255

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent rental income.
    Where is this multifamily property located?
    The property is located at 2206 Kimberly Ln Edinburg, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price.; Four-unit multifamily apartment building.; Located at 2206 Kimberly Lane, Edinburg, TX 78539.
    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
    2206 Kimberly Ln Edinburg, TX 78539
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