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    1203 White Oak Dr Edinburg, TX 78541

    Sponsored
    For Sale
    $529,999

    Four-unit apartment complex, fully rented.

    Property size:
    4,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a fully rented four-unit apartment complex located at 1203 White Oak Drive, Edinburg, Texas, 78541. Built in 2022, this property boasts a total of 4,976 square feet situated on a spacious 15,672.88 square foot lot. The complex comprises two buildings, offering a mix of unit sizes to cater to diverse renter needs. Two units feature two bedrooms and two and a half bathrooms, while the remaining two units offer three bedrooms and two and a half bathrooms. All units are currently leased, providing immediate cash flow for the investor. Included in the sale are the stove ranges and refrigerators in each unit. The property is conveniently located within the gated West Oaks apartment community, just half a mile from the expressway and a mile from the University of Texas Rio Grande Valley (UTRGV), ensuring high occupancy rates and strong rental demand. While currently utilizing a single water meter, the property's infrastructure is prepared for five separate meters, offering potential for future expansion or cost optimization. Property management is currently responsible for trash and water services. This turnkey investment property is ideal for those seeking a stable and profitable addition to their portfolio. The asking price for this lucrative opportunity is $529,999.

    Property Features for 1203 White Oak Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,976 SF

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Fully rented, four‑unit apartment complex in Edinburg, TX.
    • 4,976 sq ft building on a 15,672.88 sq ft lot, built in 2022.
    • Unit mix: two 2/2.5 and two 3/2.5; all units currently leased.
    • Includes appliances (stoves and refrigerators).
    • Located in gated community, near expressway and UTRGV, ensuring high occupancy.
    • Infrastructure ready for five separate water meters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1631419
    Latitude
    26.313049

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment complex, fully rented.
    Where is this multifamily property located?
    The property is located at 1203 White Oak Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $529,999.
    What are key features of this property?
    This property features: Fully rented, four-unit apartment complex in Edinburg, TX.; 4,976 sq ft building on a 15,672.88 sq ft lot, built in 2022.; Unit mix: two 2/2.5 and two 3/2.5; all units currently leased.
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    1203 White Oak Dr Edinburg, TX 78541
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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
    1203 White Oak Dr Edinburg, TX 78541
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