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    905 6Th Ave Edinburg, TX 78541

    For Sale
    $220,000

    Two-unit apartment building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a two-unit apartment building ideally situated at 905 N 6th Avenue in Edinburg, Texas, 78541. Built in 2002, this property boasts a desirable location just blocks away from the University of Texas Rio Grande Valley (UTRGV), ensuring consistent tenant demand. The property's proximity to numerous restaurants further enhances its appeal. The two buildings sit on a spacious 7,501.032 square foot lot. Currently housing long-term tenants, this duplex offers immediate cash flow potential for investors. The asking price for this multifamily property is $220,000. This represents a strong value proposition given the property's location, size, and existing tenancy. The property's solid construction and established tenant base make it an attractive option for those seeking a low-maintenance, high-return investment in a thriving Texas market. This is a turnkey opportunity to acquire a well-maintained, income-producing asset in a highly sought-after area. Serious inquiries are encouraged.

    Property Features for 905 6Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2002
    Buildings
    2
    Units
    2

    HighLights

    • Exceptional investment opportunity: Two‑unit apartment building in Edinburg, TX.
    • Desirable location: Blocks from UTRGV, ensuring high tenant demand.
    • Spacious lot: 7,501 sq ft.
    • Strong cash flow: Currently occupied by long‑term tenants.
    • Asking price: $220,000.
    • Turnkey investment: Well‑maintained, low‑maintenance property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -98.1662528
    Latitude
    26.3102624

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, excellent location.
    Where is this multifamily property located?
    The property is located at 905 6Th Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two-unit apartment building in Edinburg, TX.; Desirable location: Blocks from UTRGV, ensuring high tenant demand.; Spacious lot: 7,501 sq ft.
    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
    905 6Th Ave Edinburg, TX 78541
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