22717 Skinner Rd Monte Alto, TX 78538
This exceptional 5.32-acre property located at 22717 NE Skinner Road NE in Edcouch, Texas, presents a unique investment opportunity. Zoned for multifamily development, this land offers significant potential for building residential units, capitalizing on the growing demand for housing in the area. The asking price is $235,000. The property boasts existing fencing and a cattle corral, adding immediate value and versatility. Situated in Hidalgo County, near Edinburg, this location provides a blend of rural tranquility and convenient access to urban amenities. The expansive lot size allows for ample outdoor space, ideal for various uses. The property's classification includes residential, apartment building, and duplex/triplex/quadruplex designations, reflecting its suitability for diverse development projects. This is a prime opportunity for developers or investors seeking a substantial land parcel with established infrastructure in a desirable Texas location. The property's address is verified as 22717 NE Skinner Road NE, Edcouch, TX 78538. The latitude and longitude coordinates are 26.3720733, -98.0425218 respectively. This property is being offered as-is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.