1006 Clarence Ave Edinburg, TX 78541
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1006 Clarence Ave
- Year built
- 2024
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional four-unit apartment building, constructed in 2024, presents a lucrative investment opportunity in the thriving city of Edinburg, Texas. Located at 1006 N Clarence Avenue, this property boasts a prime location near the newly expanded 10th Street and University Drive, placing it within easy reach of professionals and students attending UTPA and the Texas A&M Satellite Campus, as well as those employed at the Hidalgo County Courthouse. The property sits on a substantial 10,018.8 square foot lot and comprises four individual buildings, each housing one apartment unit. The units offer a mix of two and three-bedroom apartments, catering to a diverse range of tenant needs. Each unit is equipped with modern conveniences including a washer, dryer, stove, microwave, and refrigerator, ensuring easy move-in for tenants. The asking price for this turnkey investment is $539,999. This property represents a strong addition to any investment portfolio, offering excellent potential for rental income and long-term appreciation in a rapidly growing area. The property's proximity to major employment centers and educational institutions guarantees a consistent stream of potential tenants. This is a rare opportunity to acquire a newly built, well-located multifamily property in a high-demand market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.211
- Latitude
- 26.3174
