700 Monmack Rd Edinburg, TX 78539
- Apartment buildings
- 15,816 SF
Current Use by Public Records
- Apartment buildings
Property Details for 700 Monmack Rd
- Year built
- 2023
- Property size
- 15,816 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 12-unit apartment building, completed in 2023, presents a compelling investment opportunity in Edinburg, Texas. Located at 700 S Monmack Road, this property boasts a total of 15,816 square feet situated on a generous 40,945.96 square foot lot. The complex comprises twelve meticulously designed townhomes, each featuring two bedrooms, two and a half bathrooms, a bonus room, and a one-car garage. Each unit offers 1,318 square feet of living space and is equipped with high-quality appliances, minimizing potential maintenance and turnover costs. The prime location, just minutes from the University of Texas Rio Grande Valley (UTRGV) and North 10th Street, ensures strong rental demand and long-term stability. This modern, well-maintained property offers a rare chance to acquire a high-yield, low-maintenance investment in a thriving Texas market. The asking price for this turnkey multifamily asset is $3,000,000. The property's proximity to UTRGV makes it particularly attractive to students and faculty, guaranteeing a consistent stream of high-quality tenants. This is a truly exceptional opportunity for investors seeking a stable and profitable addition to their portfolio. The building's modern design and high-quality construction ensure long-term value and minimal upkeep. Don't miss this chance to own a piece of Edinburg's vibrant real estate market. The property is zoned for multifamily use and is ready for immediate occupancy.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.203
- Latitude
- 26.3009
