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    1001 Clarence St Edinburg, TX 78539

    For Sale
    $559,000

    Brand New Fourplex, High Occupancy

    Property size:
    4,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2023-built fourplex at 1001 Clarence Street, Edinburg, TX 78539, presents a lucrative investment opportunity. Boasting a substantial 4,216 square feet across two buildings situated on an 8,799 square foot lot, this property offers four spacious units. Currently, three units are leased, providing immediate cash flow, while one unit is available for short-term rentals, such as Airbnb, maximizing rental income potential. Its prime location offers easy access to the University of Texas Rio Grande Valley (UTRGV), ensuring high demand and consistent occupancy. The property's size is noteworthy, making it one of the largest fourplexes in the area. This turnkey investment is ready for immediate income generation and offers a strong return on investment. The property is easily shown, facilitating a swift and efficient transaction. This is a rare opportunity to acquire a newly constructed, high-demand multifamily property in a thriving Texas market. The property's modern construction and desirable location combine to create a compelling investment proposition for discerning buyers. Don't miss this chance to secure a profitable and low-maintenance income-generating asset.

    Property Features for 1001 Clarence St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,216 SF

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1884949
    Latitude
    26.268255

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    FAQs

    What type of property is this?
    Multifamily property - Brand New Fourplex, High Occupancy
    Where is this multifamily property located?
    The property is located at 1001 Clarence St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $559,000.
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    1001 Clarence St Edinburg, TX 78539
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    Edinburg, TX 78539
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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
    1001 Clarence St Edinburg, TX 78539
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