1203 White Oak Dr Edinburg, TX 78541
- Apartment buildings
- 4,976 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1203 White Oak Dr
- Year built
- 2022
- Property size
- 4,976 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a fully rented four-unit apartment complex located at 1203 White Oak Drive, Edinburg, Texas, 78541. Built in 2022, this property boasts a total of 4,976 square feet situated on a spacious 15,672.88 square foot lot. The complex comprises two buildings, offering a mix of unit sizes to cater to diverse renter needs. Two units feature two bedrooms and two and a half bathrooms, while the remaining two units offer three bedrooms and two and a half bathrooms. All units are currently leased, providing immediate cash flow for the investor. Included in the sale are the stove ranges and refrigerators in each unit. The property is conveniently located within the gated West Oaks apartment community, just half a mile from the expressway and a mile from the University of Texas Rio Grande Valley (UTRGV), ensuring high occupancy rates and strong rental demand. While currently utilizing a single water meter, the property's infrastructure is prepared for five separate meters, offering potential for future expansion or cost optimization. Property management is currently responsible for trash and water services. This turnkey investment property is ideal for those seeking a stable and profitable addition to their portfolio. The asking price for this lucrative opportunity is $529,999.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1631
- Latitude
- 26.313
