201 N Montevideo Ave

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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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,800,000
No. of Units: 32
Year Built: 1980
Lot Size: 1.09 Sq ft
Opportunity Zone: No
Price per unit: $56,250
Property Website Click Here
Address: 201 N Montevideo Ave, Edinburg, TX 78541, USA
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