Property profile

1308 Shavano Dr Edinburg, TX 78541

OFF-MARKET
Apartment buildings
Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, four-unit apartment building situated in the desirable Sugar Mill Estates subdivision of Edinburg, Texas. Completed in September 2024, this property boasts two buildings on a spacious 10,511.89 square foot lot. The property's prime location offers easy access to major retail centers, diverse restaurants, the Hidalgo County Courthouse, and the University of Texas Rio Grande Valley, ensuring high occupancy rates and strong rental demand. Furthermore, its proximity to McAllen International Airport (approximately 25 minutes away) adds to its appeal. Each of the four units comes fully equipped with all appliances, minimizing tenant acquisition costs and maximizing rental income. This turnkey investment property is priced to sell and represents a compelling opportunity to secure a reliable and potentially lucrative income stream. The property's recent construction ensures minimal maintenance needs in the near future, further enhancing its investment potential. Don't miss this chance to acquire a high-yield asset in a thriving Texas market. All units are ready for immediate occupancy.

Property profile

Verified
Property type Apartment buildings
Year built 2024

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1308 Shavano Dr Edinburg, TX 78541
Edinburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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