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Property profile & analytics
OFF-MARKET
Apartment buildings

2810 Richardson Rd Edinburg, TX 78542

Built 1998
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-unit apartment building located at 2810 E Richardson Road, Edinburg, Texas, 78542. Built in 1998, the property sits on a spacious 16,988 square foot lot and offers a total of 2,560 square feet of living space across three units. The building comprises one structure converted into a triplex configuration. Unit #1 boasts three bedrooms and one bathroom, mirroring the layout of Unit #2. Unit #3 offers a slightly different configuration with one bedroom and one bathroom. Adding to the property's versatility is an 836 square foot workshop or storage area, ideal for additional income generation or personal use. The property's strategic location provides easy access to Expressway 281 (Interstate Highway 69), a major thoroughfare in the Rio Grande Valley, ensuring convenient commuting and high visibility. The asking price for this income-producing property is $240,000. This represents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's size, unit configuration, and convenient location combine to create a highly attractive investment prospect.

Property profile
Verified
Property type Apartment buildings
Year built 1998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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