1405 Prosperity Dr Edinburg, TX 78539
For Sale
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This exceptional four-unit apartment building, located at 1405 Prosperity Drive in Edinburg, Texas, presents a compelling investment opportunity. Built in 2005, the property boasts a generous 9,659.86 square foot lot and comprises four individual units, each featuring two bedrooms and two full bathrooms. The functional floor plans offer comfortable living spaces. Recent upgrades include a new roof, new air conditioners, and new water heaters, minimizing immediate maintenance concerns for the new owner. The property's prime location is a significant advantage, situated just blocks from the University of Texas Rio Grande Valley (UTRGV), ensuring consistent tenant demand. Its proximity to a variety of restaurants and shopping centers further enhances its appeal and rental potential. The asking price for this multifamily property is $390,000. This turnkey investment is ready for immediate income generation. The property's strong location and recent improvements make it an attractive option for investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property in a thriving Texas market.
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
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.