401 Newport AveEdinburg, TX 78539

For Sale
$535,000

Four-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional multifamily investment property, located at 401 Newport Avenue in Edinburg, Texas, presents a rare opportunity. Built in 2017, this property consists of two buildings encompassing four units, offering a total of 10,566.785 square feet of land. The property features a mix of upgraded three-bedroom, two-bathroom and two-bedroom, two-bathroom units, all currently fully rented, ensuring immediate cash flow. Each unit boasts desirable features including all-tile flooring, spacious open-plan dining and kitchen areas with granite countertops, stainless steel appliances, wood cabinets, and center islands. All appliances, including washers and dryers, are included. Residents enjoy the convenience of fenced-in yards, generously sized bedrooms with built-in walk-in closets, large windows, and vaulted ceilings. The units are noted for being the largest in the subdivision, offering significant value. This property represents a compelling investment opportunity due to its strong rental income, desirable features, and prime location in Edinburg, Texas, zip code 78539. The asking price is $535,000. This is a turnkey investment ready for a new owner. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas market.

Highlights

  • $535,000 asking price.
  • Multifamily property, Apartment Building, Duplex/Triplex/Quadruplex.
  • Four units.
  • Built in 2017.
  • Two buildings on a 10,566 sq ft lot.
  • Located at 401 Newport Avenue, Edinburg, TX 78539.

Property Details for 401 Newport Ave

Property type
Multifamily properties, Apartment buildings
Year Built
2017
Buildings
2
Units
4

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.3040607
Longitude
-98.2035064
401 Newport Ave, Edinburg, Texas

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401 Newport Ave
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