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Property profile & analytics
OFF-MARKET
Apartment buildings

340 Eva St Elsa, TX 78543

Built 2020
Property ID
Property summary
AI-generated overview

This exceptional 10-unit multifamily property, located at 340 Eva Street in Elsa, Texas, presents a compelling investment opportunity. Completed in 2020, the complex comprises five buildings, each housing two units. The property sits on a substantial 34,181.96 square foot lot and is ideally situated just minutes from the University of Texas Rio Grande Valley (UTRGV). The development consists of five three-bedroom, two-bathroom units and five two-bedroom, two-bathroom units, all designed to cater to the needs of students, faculty, and professionals. Its proximity to UTRGV ensures a consistent demand for rental units, making it an attractive prospect for immediate occupancy and rental income generation. The modern design and convenient location contribute to its strong potential for return on investment. All units are currently ready for occupancy, offering immediate cash flow. This turnkey investment in the thriving Elsa market represents a rare opportunity for astute investors seeking a high-yield property with significant upside potential. The asking price for this exceptional property is $985,947. The property's zip code is 78543, and it is located in Hidalgo County.

Property profile
Verified
Property type Apartment buildings
Year built 2020
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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