28-Unit Multifamily in Edinburg, TX
Hidalgo County, TX · listed Nov 11, 2023 (1,082 days)
- $/unit
- $103,571
- ▲ 12% vs TX · 57th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 28
- 14 bldg · 2016
Financials
- Asking price
- $2,900,000
- Price per unit
- $103,571
- Price per sq ft
- $279
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 28
- Unit mix
- Not stated
- Buildings
- 14
- Year built
- 2016
- Building size
- 10,400 sq ft
- Avg unit size
- 371 sq ft
- Lot size
- 2.69 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 11, 2023
- Days on market
- 1,082 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1250
About this property
28 Units (14 Duplexes) ALL FULLY LEASED. each 2B1BA. Located on Owassa/Dove Edinburg Texas. 1 minute from Expressway 281. Minutes from major shopping centers, schools, and entertainment districts. In the heart of the fastest growing city in the McAllen-Edinburg-Mission Metropolitan area. This is an investment that has already shown consistency in terms of rentability: as the units have been fully leased consistently, and vacancies do NOT last long. One missed month on other high priced out-of city units and you already lost your game plan. You are paying to not have that problem when you buy these. Safe bet. The area, excellent quality of builds, and sizing of interior space/room/layout make them the perfect units for a large pool of residents. Each building is in excellent condition. Updated roofs! Income producing. Ready to make you money! Already a proven success!
Multifamily | 28 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Edinburg, TXHigh yieldNew construction | $2.06M | $129K$129K | 12.6%gy |
| Edinburg, TX NewStabilized | $2.5M | $89K$89K | — |
| Edinburg, TX NewOwner financingStabilized | $1.75M | $70K$70K | — |
 Edinburg, TXStabilized | $600K | $60K$60K | — |
 Edinburg, TX▼ 6% cutOwner financingStabilized | $1.65M | $66K$66K | — |
 Edinburg, TXStabilized | $1.46M | $121K$121K | — |