401 Newport Ave Edinburg, TX 78539

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.