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    1505 Shavano Dr Edinburg, TX 78541

    For Sale
    $545,000

    Four-unit apartment building, excellent ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, four-unit apartment building situated in the desirable Sugar Mill Estates subdivision of Edinburg, Texas. Completed in 2024, this property boasts two buildings situated on a spacious 11,039.85 square foot lot. The property is ideally located just minutes away from major retail centers, diverse restaurants, the Hidalgo County Courthouse, and The University of Texas Rio Grande Valley, ensuring high occupancy rates and strong rental demand. Its convenient proximity to McAllen International Airport (approximately 25 minutes away) further enhances its appeal. All four units come fully equipped with appliances, representing a turnkey investment ready to generate immediate income. Priced aggressively at $545,000, this property offers a compelling return on investment and a reliable income stream. Don't miss this chance to acquire a high-performing asset in a thriving Texas market. The property's new construction ensures minimal maintenance needs and long-term value appreciation. This is a rare opportunity to secure a stable and profitable investment in a rapidly growing area. The property's location near major amenities and transportation hubs makes it highly attractive to renters.

    Property Features for 1505 Shavano Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, four‑unit apartment building in Edinburg, TX's desirable Sugar Mill Estates subdivision, completed in 2024.
    • Situated on an 11,039.85 sq ft lot with two buildings.
    • Prime location near major retail, restaurants, Hidalgo County Courthouse, and UT Rio Grande Valley, ensuring high occupancy.
    • Minutes from McAllen International Airport.
    • Turnkey investment with fully‑applianced units, priced at $545,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1701689
    Latitude
    26.3201528

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent ROI.
    Where is this multifamily property located?
    The property is located at 1505 Shavano Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Brand-new, four-unit apartment building in Edinburg, TX's desirable Sugar Mill Estates subdivision, completed in 2024.; Situated on an 11,039.85 sq ft lot with two buildings.; Prime location near major retail, restaurants, Hidalgo County Courthouse, and UT Rio Grande Valley, ensuring high occupancy.
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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
    1505 Shavano Dr Edinburg, TX 78541
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