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Property profile & analytics
FOR SALE
Apartment buildings

1620 Norma Ln Edinburg, TX 78539

Built 1980
Property ID
US82-2632855
Property summary
AI-generated overview

This exceptional investment opportunity presents a four-unit apartment building ideally situated in Edinburg, Texas, at 1620 Norma Lane, zip code 78539. Built in 1980, this property boasts a generous lot size of 14,299.87 square feet and comprises a single building. The property's central location offers easy access to Expressway 83, making commuting a breeze. Nearby amenities include HEB grocery store, schools, and popular restaurants, ensuring high tenant demand and occupancy rates. Each of the four units is thoughtfully designed with two bedrooms and two bathrooms, providing comfortable living spaces for residents. Furthermore, each unit comes equipped with essential appliances, including a washer, dryer, stove, and refrigerator, enhancing the appeal to potential tenants. The tile flooring throughout adds to the property's overall durability and ease of maintenance. This fourplex represents a strong investment opportunity due to its prime location, desirable unit features, and the potential for significant rental income. The asking price is $395,000. This property is situated in Hidalgo County.

Property profile
Verified
Property type Apartment buildings
Year built 1980
UPID US82-2632855
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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