1417 Prosperity DrEdinburg, TX 78541

For Sale
$339,900

Four-unit apartment building, excellent condition.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional multifamily investment property, located at 1417 Prosperity Drive in Edinburg, Texas, presents a compelling opportunity for investors. The property consists of two buildings, each housing a portion of the four rental units, all currently occupied. Built in 2003, the property sits on a spacious 9,662 square foot lot. Recent renovations have significantly enhanced the property's value and appeal. All four units boast fresh paint on walls, trim, cabinets, and doors, along with updated fixtures. Exterior improvements include repainted parking covers, refurbished trashcan enclosures, and power washing. Furthermore, three air conditioning units have been recently replaced, ensuring tenant comfort and minimizing maintenance concerns. The property's prime location offers convenient access to the University of Texas Rio Grande Valley (UTRGV) and Expressway 281, enhancing its rental potential and attracting a stable tenant base. Priced at $339,900, this property represents a strong value proposition in the thriving Edinburg market. The existing tenant base provides immediate cash flow, making this an ideal investment for both seasoned and aspiring real estate investors. This turnkey opportunity requires minimal immediate capital expenditure, allowing for a quick return on investment. The property's strong rental history and recent upgrades make it a low-risk, high-reward investment.

Highlights

  • $339,900 asking price.
  • Four-unit multifamily apartment building.
  • Built in 2003, two buildings on a 9,662 sq ft lot.
  • Located in Edinburg, TX, near UTRGV and Expressway 281.
  • All units currently rented and recently updated with fresh paint, fixtures, and three new AC units.

Property Details for 1417 Prosperity Dr

Property type
Multifamily properties, Apartment buildings
Year Built
2003
Buildings
2
Units
4

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.3183946
Longitude
-98.1744425
1417 Prosperity Dr, Edinburg, Texas

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1417 Prosperity Dr
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