401 Newport Ave Edinburg, TX 78539
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 401 Newport Ave
- Year built
- 2017
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional multifamily investment property, located at 401 Newport Avenue in Edinburg, Texas, presents a rare opportunity. Built in 2017, this property consists of two buildings encompassing four units, offering a total of 10,566.785 square feet of land. The property features a mix of upgraded three-bedroom, two-bathroom and two-bedroom, two-bathroom units, all currently fully rented, ensuring immediate cash flow. Each unit boasts desirable features including all-tile flooring, spacious open-plan dining and kitchen areas with granite countertops, stainless steel appliances, wood cabinets, and center islands. All appliances, including washers and dryers, are included. Residents enjoy the convenience of fenced-in yards, generously sized bedrooms with built-in walk-in closets, large windows, and vaulted ceilings. The units are noted for being the largest in the subdivision, offering significant value. This property represents a compelling investment opportunity due to its strong rental income, desirable features, and prime location in Edinburg, Texas, zip code 78539. The asking price is $535,000. This is a turnkey investment ready for a new owner. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2035
- Latitude
- 26.3041
