1700 Alberta Rd Edinburg, TX 78542
Property profile & analytics
1700 Alberta Rd Edinburg, TX 78542
- Apartment buildings
- 7,952 SF
- 0.87 lot acres
Property ID
US82-9265857
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1700 Alberta Rd
- Year built
- 2014
- Lot size
- 0.87 lot acres
- Property size
- 7,952 SF
- Property type
- Apartment buildings
- APN
- A0106-00-000-0001-00
- APU
- A010600000000100
Description
This exceptional investment opportunity presents a 12-unit apartment complex located at 1700 Alberta Road, Edinburg, Texas, 78542. The property consists of two buildings constructed in 2014, offering a total of twelve one-bedroom, one-bathroom units. Its prime location near arenas, restaurants, and shopping malls ensures high occupancy rates and strong rental demand. Currently, the complex generates significant income, with the potential for substantial future growth. The asking price is $1,380,000. A key advantage is the possibility of adding approximately four more units to the existing structure, further increasing the property's value and rental income. Once current lease agreements expire, the potential rental income per unit could reach $750, significantly boosting the overall return on investment. This multifamily property in Hidalgo County offers a rare chance to acquire a well-maintained, income-producing asset with significant upside potential in a thriving Texas market. The property's strong location and the possibility of expansion make it an attractive proposition for discerning investors seeking a stable and growing income stream. This is a turnkey operation ready for immediate income generation and future expansion.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $623,000
Market price range: $364k - $624k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $475,000 Current use
- AUTO REPAIR, GARAGE
- $1,115,000 Change: +135% Conversion: Difficult
- RETAIL STORES
- $895,000 Change: +89% Conversion: Difficult
- MEDICAL BUILDING
- $785,000 Change: +65% Conversion: Moderate
- WAREHOUSE, STORAGE
- $595,000 Change: +26% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1539
- Latitude
- 26.2516
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,121
$236,313
$574,787
$811,100
-
$236,313
$574,787
$811,100
