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    309 15Th Ave Edinburg, TX 78539

    For Sale
    $168,500

    Three-unit apartment building, excellent cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a three-unit apartment building situated on a sizable 7,099.84 square foot corner lot in Edinburg, Texas. The property, constructed in 1972, comprises three separate frame homes, each with its own electric meter. The rental income is currently diversified across three units: one 1-bedroom, 1-bathroom unit renting for $500 per month

    Property Features for 309 15Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1972
    Buildings
    3
    Units
    3

    HighLights

    • Exceptional three‑unit apartment building investment opportunity in Edinburg, TX.
    • 7,099.84 square foot corner lot.
    • 1972 construction; three separate frame homes.
    • Individual electric meters for each unit.
    • Current rental income includes one 1 bed/1 bath unit at $500/month.
    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 Building Supply Clothing Store 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 - Three-unit apartment building, excellent cash flow.
    Where is this multifamily property located?
    The property is located at 309 15Th Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $168,500.
    What are key features of this property?
    This property features: Exceptional three-unit apartment building investment opportunity in Edinburg, TX.; 7,099.84 square foot corner lot.; 1972 construction; three separate frame homes.
    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
    309 15Th Ave Edinburg, TX 78539
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