1410 Phoenix St Edinburg, TX 78541

Property Details for 1410 Phoenix St

Year built

2007

Property type

Small apartment buildings

Description

This exceptional multifamily investment opportunity presents a well-maintained, four-unit apartment building located at 1410 N Phoenix Street N, Edinburg, TX 78541. Built in 2007, the property sits on a spacious 10,348.11 square foot lot and comprises two buildings. Each of the three-bedroom, two-bathroom units boasts eight covered parking spaces (two per unit), providing ample parking for residents. The property features a gated community with two entry/exit gates, enhancing security and privacy. Modern amenities include new HVAC units (both interior and exterior), a new water heater in unit C (installed May 2024), and new washers in unit D (installed May 2024). Ceiling fans in bedrooms and living rooms offer added comfort. All units include in-unit washer and dryer hookups. Further enhancing the property's appeal are a community swimming pool, a covered patio community area with a well-manicured lawn and attractive concrete patio, ideal for gatherings. The property also benefits from a sprinkler system with an automatic timer, smoke alarms with fire detection, and four electric meters and five water meters. Three of the four units are currently occupied by long-term tenants, providing immediate and stable rental income. The property's convenient location, just 1.3 miles (approximately 4 minutes) from the University of Texas Rio Grande Valley, ensures strong rental demand. This turnkey investment offers a compelling opportunity for immediate returns and long-term growth. The asking price is $425,000.