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Property profile & analytics
OFF-MARKET
Small apartment buildings

601 Jasper St Edinburg, TX 78541

Built 2024
Property ID
US82-7019234
Property summary
AI-generated overview

This exceptional 3-unit apartment building, constructed in 2024, presents a compelling investment opportunity in the thriving city of Edinburg, Texas. Located at 601 Jasper Street, 78541, this property boasts a prime location near the University of Texas Rio Grande Valley (UTRGV), ensuring a consistent demand for rental units. The building sits on a sizable 6,343.21 square foot lot and comprises a single building. Each of the three units offers modern comfort and convenience, making them attractive to students and young professionals alike. The property features convenient carports, providing ample parking for residents. A spacious backyard adds to the overall appeal, offering a tranquil outdoor space. The asking price for this turnkey investment is $369,500. Given its proximity to UTRGV and its modern amenities, this property is poised for strong rental income and long-term appreciation, making it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a newly constructed multifamily property in a high-demand area. The property's location in Hidalgo County, Texas, offers further advantages for investors seeking a stable and growing market.

Property profile
Verified
Property type Small apartment buildings
Year built 2024
UPID US82-7019234
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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