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    1610 Orlando St Edinburg, TX 78541

    For Sale
    $420,000

    Four-unit apartment building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional four-unit apartment building, constructed in 2004, presents a compelling investment opportunity in the desirable city of Edinburg, Texas. Located at 1610 Orlando Street, 78541, this property boasts a substantial lot size of 10,366.84 square feet and comprises a single building. The asking price is $420,000. Each of the four units offers two spacious bedrooms and two full bathrooms, ensuring comfortable living spaces for tenants. Currently, all units are occupied, generating immediate rental income. Recent improvements include a new roof and fresh interior and exterior paint, minimizing immediate maintenance needs. The property's strategic location within a thriving neighborhood provides easy access to schools, shopping centers, restaurants, and major highways, enhancing its appeal to tenants and maximizing its rental potential. This property is ideally suited for investors seeking a stable, income-producing asset in a high-demand area. The combination of its attractive features, strong tenant occupancy, and prime location makes this fourplex a truly exceptional investment opportunity. Don't miss the chance to acquire this well-maintained and highly sought-after property in the heart of Edinburg.

    Property Features for 1610 Orlando St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2004
    Buildings
    1
    Units
    4
    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 Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1887408
    Latitude
    26.3220057

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent location.
    Where is this multifamily property located?
    The property is located at 1610 Orlando St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $420,000.
    Request Owner's contact information
    1610 Orlando St Edinburg, TX 78541
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    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
    1610 Orlando St Edinburg, TX 78541
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