608 Caballo Ln Edinburg, TX 78542

Property Details for 608 Caballo Ln

Year built

1981

Lot size

4.36 lot acres

Property type

Small apartment buildings

Description

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.