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Property profile & analytics
OFF-MARKET
Apartment buildings

920 French Ave McAllen, TX 78504

Built 2004
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a four-unit apartment building ideally situated at 920 French Avenue, Edinburg, Texas, 78504. Built in 2004, this property boasts two buildings situated on a generous 10,585.08 square foot lot. The property is classified as a multifamily apartment building, specifically a duplex/triplex/quadruplex configuration. The asking price is $395,000. Its strategic location offers significant advantages for investors. Just two blocks from the University of Texas-Rio Grande Valley (UTRGV), this property benefits from a consistently high demand for student housing. Furthermore, its proximity to the Hidalgo County Courthouse, hospitals, shopping centers, and various retail establishments ensures strong occupancy rates and potential for rental income growth. The property's solid construction and desirable location make it an attractive investment prospect with considerable potential for long-term appreciation and consistent cash flow. The property consists of four individual units, providing diversification and flexibility for management. This turnkey investment is ready for immediate income generation. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving Texas market.

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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