Address: 201 N Montevideo Ave, Edinburg, TX 78541, USA
Created date: February 4, 2025
Date last updated: February 10, 2025
- Under market rents allowing for rent increase
- Value add opportunity, allowing for further increased rent and cashflow after renovations
- Competitive 7.34% Cap Rate
- 6.25% interest rate, much lower than current rates offer for commercial loans
- Located in a growing city close to prominent university (UTRGV)
- Opportunity to build a laundry room for additional income
Property Description
Discover the potential of real estate investment with this 32-unit apartment complex strategically located off University Drive in the vibrant city of Edinburg. Offering a loan assumption option, this property simplifies ownership transfer and provides a seamless investment opportunity. These properties offer units that have 1/1 and 2/1 and are equipped with essential appliances including a refrigerator and stove.