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Property profile & analytics
FOR SALE
Small apartment buildings

1405 Prosperity Dr Edinburg, TX 78539

Built 2005
Property ID
US82-4504193
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 2005
UPID US82-4504193
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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