For Sale
$495,000

608 Mccoll RdEdinburg, TX 78539

7-Unit Apartment Building, High Income

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 7-unit apartment building presents a compelling investment opportunity in Edinburg, Texas. Located at 608 N McColl Rd, this property boasts a total of 4,820 square feet, offering a blend of spacious living spaces for tenants. The building comprises five two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit, generating a substantial monthly residual income of $3,850. Built in 1976, the structure remains structurally sound and in excellent condition, despite its age. The property benefits from a prime location on a main road, providing easy access to the University of Texas Rio Grande Valley (UTRGV), shopping centers, and various restaurants. The current owner has undertaken minor improvements, and there's significant potential to increase rental income by raising rents to market value. The asking price is $495,000, translating to $102.70 per square foot. This property is identified by APN M4650-00-000-0015-00 and is situated in Hidalgo County, Texas, zip code 78539. This multifamily investment offers a solid foundation for growth and increased returns, making it an ideal acquisition for discerning investors seeking a strong cash flow property in a desirable location. The property's central location and proximity to key amenities further enhance its appeal and potential for long-term profitability.

Highlights

  • Seven-unit apartment building in Edinburg, TX, offering substantial monthly income.
  • 4,820 square feet on a main road, near UTRGV.
  • Five 2-bed/1-bath and one 1-bed/1-bath units; $3,850 monthly income.
  • Solid structure built in 1976, with potential for rent increases.
  • Asking price: $495,000 ($102.70/sq ft); APN M4650-00-000-0015-00, Hidalgo County, TX 78539.

Property Details for 608 Mccoll Rd

Property type
Retail properties, Apartment buildings
Square Feet
4,820 SF
Year Built
1976
Units
7

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.268255
Longitude
-98.1884949
608 Mccoll Rd, Edinburg, Texas

FAQs

What type of property is this?
Retail property - 7-Unit Apartment Building, High Income
Where is the retail property located?
The property is located at 608 Mccoll Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Seven-unit apartment building in Edinburg, TX, offering substantial monthly income.; 4,820 square feet on a main road, near UTRGV.; Five 2-bed/1-bath and one 1-bed/1-bath units; $3,850 monthly income.
How can I contact the broker?
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608 Mccoll Rd
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