Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1006 Clarence Ave Edinburg, TX 78541

    For Sale
    $539,999

    Four-unit apartment building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional four-unit apartment building, constructed in 2024, presents a lucrative investment opportunity in the thriving city of Edinburg, Texas. Located at 1006 N Clarence Avenue, this property boasts a prime location near the newly expanded 10th Street and University Drive, placing it within easy reach of professionals and students attending UTPA and the Texas A&M Satellite Campus, as well as those employed at the Hidalgo County Courthouse. The property sits on a substantial 10,018.8 square foot lot and comprises four individual buildings, each housing one apartment unit. The units offer a mix of two and three-bedroom apartments, catering to a diverse range of tenant needs. Each unit is equipped with modern conveniences including a washer, dryer, stove, microwave, and refrigerator, ensuring easy move-in for tenants. The asking price for this turnkey investment is $539,999. This property represents a strong addition to any investment portfolio, offering excellent potential for rental income and long-term appreciation in a rapidly growing area. The property's proximity to major employment centers and educational institutions guarantees a consistent stream of potential tenants. This is a rare opportunity to acquire a newly built, well-located multifamily property in a high-demand market.

    Property Features for 1006 Clarence Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    4
    Units
    4

    HighLights

    • Newly constructed (2024) four‑unit apartment building in Edinburg, TX.
    • Prime location near UTPA, Texas A&M Satellite Campus, and Hidalgo County Courthouse.
    • Situated on a 10,018.8 sq ft lot with four individual buildings, each housing one unit.
    • Mix of two and three‑bedroom units, each with washer, dryer, stove, microwave, and refrigerator.
    • Turnkey investment opportunity priced at $539,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2110267
    Latitude
    26.3174037

    Nearby Similar for Sale

    • $359,000
      Pending

      Furnished Triplex Near I-69

      Income-generating triplex, fully furnished, near UTRGV and I-69.
      4402 E Richardson Rd, Edinburg, TX 78542
      View Details
    • $715,000
      10,656 SF

      Edinburg Income-Producing Quadruplex

      Four units, each with three bedrooms and modern amenities.
      4700 W Huckleberry St, Edinburg, TX 78541
      View Details
    • New
      $750,000
      3,966 SF

      Edinburg Multifamily Investment Opportunity

      Multifamily complex in Edinburg, TX, near UTRGV and major thoroughfares.
      2616 Fern Ave, Edinburg, TX 78541
      View Details
    • $540,000
      4,200 SF

      Edinburg Fourplex: Income-Producing Property

      Fully rented fourplex in Edinburg, offering steady income.
      1007 Clarence Ave, Edinburg, TX 78541
      View Details
    • $2,500,000
      5,884 SF

      Edinburg Warehouse with Commercial Kitchen

      Well-maintained warehouse with commercial kitchen and development potential.
      1212 S Raul Longoria Rd, Edinburg, TX 78542
      View Details
    • $267,000
      1,976 SF

      Edinburg Duplex Near UTRGV

      Recently renovated duplex near UTRGV, offering steady rental income.
      820 N 6Th Ave, Edinburg, TX 78541
      View Details

    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 1006 Clarence Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $539,999.
    What are key features of this property?
    This property features: Newly constructed (2024) four-unit apartment building in Edinburg, TX.; Prime location near UTPA, Texas A&M Satellite Campus, and Hidalgo County Courthouse.; Situated on a 10,018.8 sq ft lot with four individual buildings, each housing one unit.
    Request Owner's contact information
    1006 Clarence Ave Edinburg, TX 78541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 Clarence Ave
    Edinburg, TX 78541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1006 Clarence Ave Edinburg, TX 78541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.