424 Chavez St Edinburg, TX 78541
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 424 Chavez St
- Year built
- 2021
- Property type
- Small apartment buildings
Description
This exceptional fourplex, located at 424 W Chavez Street in Edinburg, Texas, presents a compelling investment opportunity. Built in 2021, this property boasts a total of four units, spread across two buildings, each housing two units. The buildings sit on a generous 5,679.78 square foot lot. Each unit offers 1 bedroom and 1 bathroom, totaling 2,688 square feet of living space. The property is conveniently located near the University of Texas Rio Grande Valley (UTRGV), ensuring a consistent demand for rental units. Modern amenities include a wood fence, central HVAC systems, and tile flooring throughout. All appliances are included in each unit, simplifying tenant occupancy and reducing management concerns. The property's recent construction (2021) minimizes maintenance needs and maximizes potential rental income. With the potential for future rent increases, this fourplex offers a strong return on investment in a thriving Texas market. The asking price is $459,000. This is a turnkey investment ready for immediate income generation. The property's location near UTRGV provides a stable tenant base and strong rental demand. Don't miss this chance to acquire a high-yield multifamily property in a rapidly growing area.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.165294
- Latitude
- 26.3107204
