120 Schunior St Edinburg, TX 78541-2538

This exceptional 12-unit apartment building in Edinburg, Texas presents a compelling value-add investment opportunity. Located at 120 E Schunior St, 78541, this two-story, 8,520 square foot Class B property boasts a strong 8.59% cap rate and a Net Operating Income (NOI) of $68,689. Built in 1994 and renovated in 2022, the property sits on a 0.49-acre lot and is zoned RM. Each of the twelve units includes a refrigerator, stove, and microwave. The property's prime location near the University of Texas Rio Grande Valley (UTRGV), Walmart, restaurants, and entertainment venues ensures high occupancy rates and strong rental demand. The asking price is $800,000, translating to $66,667 per unit and $93.90 per square foot. A significant advantage is the availability of an assumable loan with a fixed 6.25% interest rate, potentially streamlining the acquisition process. This property offers immediate cash flow and significant upside potential for a savvy investor. The property includes one additional pad. This is a rare opportunity to acquire a well-located, income-producing multifamily asset with an attractive financing option. The Hidalgo County property features APN 164100.