3302 Sugar Rd Edinburg, TX 78539-5394
- Apartment buildings
- 19,568 SF
- 0.59 lot acres
Aug 14, 2020
Current Use by Public Records
- Apartment buildings
Property Details for 3302 Sugar Rd
- Year built
- 2018
- Lot size
- 0.59 lot acres
- Property size
- 19,568 SF
- Zone code
- CO
- Property type
- Apartment buildings
- APN
- E3710-01-000-0074-00
- APU
- E371001000007400
Description
This exceptional 11-unit apartment building presents a compelling investment opportunity in the thriving city of Edinburg, Texas. Located at 3302 S Sugar Road, this property boasts a prime location within the 78539 zip code, offering convenient access to local amenities and transportation routes. Constructed in 2018, the building is in excellent condition and features modern finishes throughout all 11 units. The single building sits on a substantial 25,612.84 square foot lot, providing ample space and potential for future expansion or development. The asking price is $1,000,000, representing a strong value proposition for investors seeking a stable and appreciating asset in a rapidly growing market. This multifamily property offers a turnkey investment solution with immediate income potential. The property's recent construction ensures minimal maintenance needs and long-term durability. The substantial lot size offers flexibility for future development or expansion, further enhancing the investment potential. Detailed financial information and unit specifics are available upon request. This is an ideal opportunity for investors seeking a high-return, low-maintenance multifamily investment in a desirable Texas location. Don't miss this chance to acquire a well-maintained, modern apartment building in a thriving market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,536,000
Market price range: $975k - $1.54M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,225,000 Current use
- AUTO REPAIR, GARAGE
- $2,320,000 Change: +90% Conversion: Difficult
- RETAIL STORES
- $2,200,000 Change: +80% Conversion: Difficult
- RESTAURANT
- $2,130,000 Change: +74% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,940,000 Change: +59% Conversion: Moderate
- OFFICE BUILDING
- $1,890,000 Change: +55% Conversion: Moderate
- MEDICAL BUILDING
- $1,805,000 Change: +48% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,510,000 Change: +23% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1825
- Latitude
- 26.2726
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
