For Sale
$1,695,000

1907 Jason Ave Edinburg, TX 78539

20-Unit Apartment Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional multifamily investment opportunity in Edinburg, Texas, presents a portfolio of five well-maintained four-plex buildings totaling 20 units. Each unit offers approximately 700 square feet of living space, featuring one bedroom and one bathroom. The property sits on a 1.08-acre lot and encompasses a total of 14,025 square feet of building space. Constructed in 1993, this property benefits from its strategic location near the intersection of Sugar Road and Sprague, providing convenient access to the University of Texas Rio Grande Valley (UTRGV), numerous shopping and dining establishments on University Drive, and recreational amenities at Edinburg Bicentennial Park. All 20 units are currently rented, ensuring immediate cash flow and demonstrating strong tenant demand. This prime location near UTRGV makes it particularly attractive to students, contributing to consistent occupancy rates. The asking price for this turnkey investment is $1,695,000. This represents a compelling opportunity to capitalize on the robust rental market in a thriving Texas community. The property's strong occupancy and desirable location make it an ideal addition to any investment portfolio. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a rapidly growing area.

Highlights

  • 20-unit multifamily portfolio in Edinburg, TX.
  • Each unit is a 700 sq ft, 1 bed/1 bath.
  • Situated on a 1.08-acre lot with 14,025 sq ft of building space.
  • Built in 1993, near Sugar Rd & Sprague, close to UTRGV, shopping, and Edinburg Bicentennial Park.
  • 100% occupancy, generating immediate cash flow.
  • Asking price: $1,695,000.

Property Details for 1907 Jason Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
14,025 SF
Year Built
1993
Buildings
5
Lot Size (sq. ft)
47,045 SF
Units
20

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.2976422
Longitude
-98.1830638

FAQs

What type of property is this?
Apartment building - 20-Unit Apartment Complex, High Occupancy
Where is the apartment building located?
The property is located at 1907 Jason Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 20-unit multifamily portfolio in Edinburg, TX.; Each unit is a 700 sq ft, 1 bed/1 bath.; Situated on a 1.08-acre lot with 14,025 sq ft of building space.
How can I contact the broker?
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1907 Jason Ave
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