920 French Ave McAllen, TX 78504
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 920 French Ave
- Year built
- 2004
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2322
- Latitude
- 26.2892
