1907 Jason Ave Edinburg, TX 78539
- Small apartment buildings
- 14,025 SF
- 1.08 lot acres
Current Use by Public Records
- Small apartment buildings
Property Details for 1907 Jason Ave
- Year built
- 1993
- Lot size
- 1.08 lot acres
- Property size
- 14,025 SF
- Property type
- Small apartment buildings
Description
This exceptional multifamily investment opportunity in Edinburg, Texas, presents a portfolio of five well-maintained four-plex buildings totaling 20 units. Each unit offers approximately 700 square feet of living space, featuring one bedroom and one bathroom. The property sits on a 1.08-acre lot and encompasses a total of 14,025 square feet of building space. Constructed in 1993, this property benefits from its strategic location near the intersection of Sugar Road and Sprague, providing convenient access to the University of Texas Rio Grande Valley (UTRGV), numerous shopping and dining establishments on University Drive, and recreational amenities at Edinburg Bicentennial Park. All 20 units are currently rented, ensuring immediate cash flow and demonstrating strong tenant demand. This prime location near UTRGV makes it particularly attractive to students, contributing to consistent occupancy rates. The asking price for this turnkey investment is $1,695,000. This represents a compelling opportunity to capitalize on the robust rental market in a thriving Texas community. The property's strong occupancy and desirable location make it an ideal addition to any investment portfolio. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a rapidly growing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1830638
- Latitude
- 26.2976422
