1620 Norma Ln Edinburg, TX 78539
For Sale
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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.
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.