1-19-2218 S Tourist Dr Edinburg, TX 78539
Exceptional investment opportunity featuring a 19-unit townhome condominium portfolio in a prime Edinburg location. Currently 17 of 19 units are leased, providing immediate income with upside potential through lease-up of the remaining units. Each spacious townhome offers 2 bedrooms, 2.5 bathrooms, open concept living areas, and a private outdoor space, with select units featuring balconies and covered patios. Significant capital improvements were completed in 2022, including a new roof, exterior paint, and interior updates, reducing near-term maintenance concerns. Approximately 5 minutes from the expressway and ideally situated near the University of Texas Rio Grande Valley along with shopping, dining, medical facilities, and major transportation corridors, this property benefits from strong tenant demand and excellent accessibility. A rare opportunity to acquire a stabilized income-producing asset with a condominium ownership structure and long-term investment potential.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.