3105 Hoehn Rd Edinburg, TX 78541

This exceptional value-add opportunity presents a four-unit apartment building situated on a substantial 40,945 square foot lot in Edinburg, Texas. Built in 2006, the property boasts 3,000 square feet of net rentable space, currently operating at 75% occupancy. The current Net Operating Income (NOI) is $15,853, yielding a 4.80% cap rate. However, a pro-forma analysis projects a significantly improved NOI of $25,153, resulting in a 7.62% cap rate, showcasing the property's considerable upside potential. Each of the four units is priced at $82,500, with the entire property listed at $330,000. The property is zoned for multifamily use, offering flexibility for future expansion or alternative uses. The large lot size presents a unique opportunity for additional development, such as constructing more units or utilizing the space for other income-generating ventures. This single-story building presents a strong investment opportunity for those seeking to increase their rental portfolio or explore alternative income streams. The property's location in Edinburg, TX (zip code 78541), offers convenient access to local amenities and transportation. The APN is T2100-00-236-0008-08. This is a single-building property with one pad.