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Property profile & analytics
OFF-MARKET
Apartment buildings

928 French Ave McAllen, TX 78504

Built 2004
Property ID
Property summary
AI-generated overview

This exceptional multifamily investment opportunity presents a well-maintained four-unit apartment building situated on a substantial 10,585.08 square foot lot in Edinburg, Texas. Constructed in 2004, the property comprises two buildings, offering a total of four units. Its prime location places it just two blocks from the University of Texas Rio Grande Valley, ensuring consistent rental demand from students. The property also benefits from its close proximity to key amenities, including the Hidalgo County Courthouse, various hospitals, business centers, medical facilities, shopping centers, and retail establishments. This strategic location provides excellent accessibility and convenience for residents. The asking price for this attractive investment is $395,000. The property's strong location and solid construction make it an ideal addition to any investor's portfolio, promising a stable and potentially lucrative return on investment. The property's age and condition suggest minimal immediate capital expenditure needs, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving Texas market. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Year built 2004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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