Current Use by Public Records
- Apartment buildings
Property Details for 500 Alexandrite Ave
- Year built
- 2025
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
Exceptional investment opportunity: a brand-new, four-unit apartment building located at 500 N Alexandrite Avenue, Edinburg, Texas, 78541. This property boasts a total of 4,200 square feet across two buildings situated on a spacious 9,844.996 square foot lot. Completed in 2025, each of the four units features three bedrooms and two bathrooms, complete with private patios and sprinkler systems. Buyers can select their preferred kitchen, wall, and fixture colors from the builder's selections. The units include luxury custom kitchens with modern lighting, large walk-in closets in the master bedroom, and beautiful construction backed by a one-year structural warranty. Covered parking includes solar lights for low-maintenance operation. Individual units are responsible for their electricity, while the landlord covers the low water bill through North Alamo Water Supply. Based on comparable properties, projected rents range from $1300 to $1350 per month. This is a turnkey investment; no construction loan is needed, with final closing occurring upon final occupancy. The builder is FHA/VA approved. Note that some photos may depict upgrades from other builder projects. This property presents a compelling opportunity for immediate income generation and long-term appreciation in a thriving Texas market. Asking price: $539,500.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Linn
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2869
- Latitude
- 26.4853
