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    2305 Kimberly Ln Edinburg, TX 78541

    For Sale
    $379,000

    Four-unit apartment building, excellent income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional multifamily investment opportunity presents a well-maintained four-unit apartment building situated on a substantial 9,583.2 square foot lot in the thriving city of Edinburg, Texas. Constructed in 1998, the property comprises two buildings, offering a total of four spacious units. Each unit boasts attractive features including granite countertops and tile flooring throughout, appealing to a wide range of tenants. The property's prime location offers convenient access to key amenities and services. Residents enjoy proximity to the University of Texas Rio Grande Valley (UTRGV), Walmart, and the Hidalgo County Courthouse, ensuring high occupancy rates and strong rental demand. This property represents a compelling investment prospect in a rapidly growing community, providing a stable income stream and significant potential for future appreciation. The asking price is $379,000. The property's address is 2305 Kimberly Lane, Edinburg, TX 78541. This is a turnkey investment ready for immediate income generation. The property's two buildings and four units provide a diversified income stream and potential for future expansion or upgrades. This is an ideal opportunity for investors seeking a strong return on investment in a desirable Texas location.

    Property Features for 2305 Kimberly Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1998
    Buildings
    2
    Units
    4

    HighLights

    • $379,000 asking price.
    • Four‑unit multifamily apartment building.
    • Built in 1998, two buildings on a 9,583.2 sq ft lot.
    • Located in Edinburg, TX, 78541, near UTRGV, Walmart, and the courthouse.
    • Features granite countertops and tile flooring.
    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
    -98.1880229
    Latitude
    26.3084636

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent income potential.
    Where is this multifamily property located?
    The property is located at 2305 Kimberly Ln Edinburg, TX.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: $379,000 asking price.; Four-unit multifamily apartment building.; Built in 1998, two buildings on a 9,583.2 sq ft lot.
    Request Owner's contact information
    2305 Kimberly Ln 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
    2305 Kimberly Ln Edinburg, TX 78541
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