2504-2606 M Rd Edinburg, TX 78542
This exceptional investment opportunity presents a fully leased, ten-unit apartment building situated in the thriving city of Edinburg, Texas. Built in 2003, the property comprises two buildings situated on a substantial 39,204 square foot lot, offering ample space for residents and potential future expansion. The complex boasts ten two-bedroom, one-bathroom units, each equipped with a refrigerator and stove. Resident convenience is further enhanced by an on-site laundry facility. Each apartment includes two designated parking spaces. A thoughtfully designed courtyard provides a welcoming outdoor area for tenants. The strong rental history and current 100% occupancy rate demonstrate the property's consistent performance within Edinburg's robust rental market. Edinburg's strategic location, near educational institutions, healthcare facilities, and employment centers, ensures a consistently high demand for rental units. This property offers a compelling investment opportunity in a dynamic and growing Texas city, presenting excellent potential for long-term growth and return. The asking price for this turnkey investment is $825,000. The property's address is 2504-2606 N M Road, Edinburg, TX 78542.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.