309 15Th Ave Edinburg, TX 78539
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 309 15Th Ave
- Year built
- 1972
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1884949
- Latitude
- 26.268255
