308 Kuhn StEdinburg, TX 78541

Property Details for 308 Kuhn St

Year built

1985

Lot size

0.16 AC

Property size (Sq ft)

1,844 SF

Property type

Office buildings

APN

E3300-00-207-0004-00

APU

E330000207000400

Description

This exceptional investment opportunity in Edinburg, TX, presents a portfolio of six income-generating properties situated on a 0.4-acre lot. The property comprises four buildings totaling 1,844 square feet, strategically located on a hard corner lot. The diverse tenant mix includes a thriving trophy shop generating $800 monthly rent and a beauty salon contributing $600 per month. A freestanding building on the southwest corner is currently leased to a non-denominational church at $800 per month. A substantial structure on the east end of the property, previously used as a tax service office, offers multiple private offices, a spacious lobby, a conference room, and two bathrooms. This building, currently vacant, holds significant rental potential, estimated at $1,500 per month for the main space and an additional $500 per month for an efficiency apartment. Finally, a two-bedroom apartment, previously rented for $800 per month, is also available. While currently vacant, this property's location near the courthouse ensures strong rental demand. This unique property offers a fantastic investment opportunity with significant upside potential. The current rental income provides a solid foundation for immediate returns, while the vacant units present the opportunity to increase profitability. The property's diverse tenant base and prime location near the courthouse contribute to its long-term value and stability.

• CAP approach

  CAP return

  Valuation

  6%

  $253,403

  6.5%

  $233,911

  7%

  $217,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $159,011

  Geo Method

  $419,086

• Alternative Use

  Use

  Valuation

  Residential

  $290,049

  Hospitality

  $265,684

  Educational

  $221,046

  Medical

  $228,648

  Retail

  $343,849

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Latitude

26.3028

Longitude

-98.1594

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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