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Property profile & analytics
OFF-MARKET
Small apartment buildings

608 Caballo Ln Edinburg, TX 78542

4.36 ac lot Built 1981
Property ID
US82-8738606
Property summary
AI-generated overview

This exceptional 15-unit multifamily property in Edinburg, Texas, presents a compelling investment opportunity. Situated on a spacious 4.36-acre lot, the property comprises six structures, offering a diverse range of unit configurations. The main building boasts a substantial 4-bedroom, 3-bathroom layout with two living rooms, two dining rooms, and two kitchens, currently in decent condition. Additional structures include a 2-bedroom, 1-bathroom unit in good condition; a duplex featuring two 2-bedroom, 1-bathroom units in fair condition; a 2-bedroom, 1-bathroom unit requiring renovation; a standalone washroom with bathroom; and two storage rooms. The property's location offers convenient access to I-69C, schools, restaurants, shopping, and entertainment, while still maintaining a desirable country setting. The undeveloped two acres at the rear provide significant potential for expansion. While some units require tender loving care, this property presents a unique chance to add value through renovations and capitalize on the strong rental demand in the area. Built in 1981, this property is listed at $265,000 and is located at 608 Caballo Lane, Edinburg, TX 78542. The property's frontage on a major road provides excellent visibility and accessibility. This is an ideal opportunity for investors seeking a multifamily property with significant upside potential.

Property profile
Verified
Property type Small apartment buildings
Year built 1981
Lot 4.36 ac (189,922 SF)
UPID US82-8738606
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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