1802 Norma LnEdinburg, TX 78539

Property Details for 1802 Norma Ln

Year built

1984

Property size (Sq ft)

3,920 SF

Property type

Apartment buildings

Description

This exceptional 4-unit apartment building in Edinburg, Texas, presents a compelling investment opportunity. Boasting a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $36,480, translating to a strong 7.88% cap rate. The 3,920 square foot building, constructed in 1984 and renovated in 2021, sits on a spacious 15,459 square foot lot. Each of the four units is priced at $115,750, contributing to the overall asking price of $463,000. The property features recently updated kitchens with new cabinets, countertops, and stainless steel appliances. Bathrooms have been remodeled with sleek fixtures and elegant tiling. New plumbing, electrical systems, and air conditioning units ensure efficiency and low maintenance costs. The building's Class B designation reflects its quality and appeal to renters. This stabilized investment offers immediate cash flow and significant depreciation benefits, making it an attractive addition to any portfolio. Located in Hidalgo County, at 1802 Norma Ln, Edinburg, TX 78539, this property benefits from its location in a growing market, promising strong appreciation potential. The property's single-story design and fully leased status minimize management complexities and maximize return on investment.

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.2861

Longitude

-98.1835

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].