120 Schunior St Edinburg, TX 78541-2538
Property profile & analytics
120 Schunior St Edinburg, TX 78541-2538
- Apartment buildings
- 4,560 SF
- 0.49 lot acres
Property ID
US82-4683430
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 120 Schunior St
- Year built
- 1994
- Lot size
- 0.49 lot acres
- Property size
- 4,560 SF
- Property type
- Apartment buildings
- APN
- E3300-00-100-0002-00
- APU
- E330000100000200
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1604
- Latitude
- 26.3079
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,363
$138,450
$605,119
$743,569
-
$138,450
$605,119
$743,569
