309 15Th Ave Edinburg, TX 78539
This exceptional investment opportunity presents a three-unit apartment building situated on a sizable 7,099.84 square foot corner lot in Edinburg, Texas. The property, built in 1972, comprises three separate frame homes, each offering distinct rental potential. One unit features one bedroom and one bathroom, currently generating $500 in monthly rent. A second unit boasts two bedrooms and one bathroom, commanding a monthly rent of $600. The third unit, also a two-bedroom, one-bathroom layout, is rented for $700 per month. This translates to a substantial combined monthly rental income. Each unit benefits from its own electric meter, simplifying utility management. The landlord covers water and trash services. The property's convenient location near shopping centers and the downtown area ensures high occupancy rates and strong tenant demand. This is an ideal investment for those seeking a stable, cash-flowing asset in a thriving Texas market. The asking price for this multifamily property is $178,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset with significant upside potential. Don't miss out on this chance to add a valuable property to your portfolio.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.