7504 Us Hwy 281 Hwy Edinburg, TX 78542
- Apartment buildings
- 1.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 7504 Us Hwy 281 Hwy
- Year built
- 1970
- Lot size
- 1.00 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 10-unit apartment complex in Edinburg, Texas, presents a compelling investment opportunity. Located at 7504 US Highway 281 Highway, this property boasts a prime location just off Highway 69C/281, ensuring high visibility and convenient access. The complex comprises three buildings constructed in 1970, situated on a one-acre lot. Recent renovations include a new roof, updated air conditioning units, and new water heaters, minimizing immediate maintenance needs. The unit mix offers a diverse range of floor plans to cater to various tenant preferences, including four 4-bedroom/4.5-bathroom units, several 3-bedroom/2-bathroom units, 2-bedroom/1-bathroom units, and a selection of one-bedroom and studio apartments. The property's one-acre lot provides significant potential for future expansion, allowing for increased rental income and enhanced property value. The asking price for this turnkey investment is $675,000. This property is situated in Hidalgo County, Texas, with a zip code of 78542. The property's coordinates are 26.3546817 latitude and -98.1120116 longitude. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.112
- Latitude
- 26.3547
