340 Eva St Elsa, TX 78543
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.