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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28656023
28656033

3302 S Sugar, Edinburg, TX 78539

CC
TX 9010212
eXp Commercial
Listed by eXp Commercial
$1,750,000
192 days on market
Updated 62 days ago

The Regency at Nora Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,805
Net Rentable (SqFt) 20,805
Units 11
Cap Rate 6.9%
NOI $120,705
Occupancy 90%
Price per SqFt $84
Broker Co-Op Yes
Class B
Year Built 2018
Buildings 1
Stories 3
Acreage 0.588
Zoning R2
Parking Spaces 22 spaces
Parking Per SqFt 1.06

Rare Townhome-Style Multifamily Asset | Edinburg, TX

Marketing description

Positioned along the rapidly growing South Sugar corridor in Edinburg, this three-story townhome-style multifamily property presents a rare opportunity to acquire a differentiated asset in a submarket dominated by conventional one-story fourplexes.

Unlike surrounding inventory, 3302 S Sugar Rd offers vertical, townhouse-style units that appeal to a higher-quality tenant profile seeking privacy, separation of space, and a single-family home feel within a rental format. This design advantage creates a clear path to rent premiums and long-term tenant retention.

While current financials may not reflect stabilized performance, the opportunity lies in repositioning rents to market levels and capitalizing on the property’s unique product type, strong location, and limited direct competition.

Located near major thoroughfares, retail corridors, and employment drivers, the asset benefits from continued population growth and housing demand in the Edinburg/McAllen MSA.

This is not a commodity multifamily deal—it is a strategic acquisition for investors seeking upside through differentiation rather than competing on cap rate alone.

Investment highlights

Irreplaceable Product Type

Three-story townhome-style units in a market saturated with single-story fourplexes

Clear Rental Upside

Layout and design support higher rents vs. traditional units with proper repositioning

Tenant Profile Upgrade Potential

Appeals to renters seeking a home-like environment, not typical apartment living

Limited Direct Competition

No comparable inventory nearby offering similar vertical living product

Strategic Location

High-visibility corridor with proximity to employment, retail, and commuter routes

Value-Add Without Heavy Renovation

Upside driven primarily by rent optimization and management strategy, not major capex

Listing Contacts

CC
TX 9010212
eXp Commercial
Listed by eXp Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,705.00
$10,058.75/mo

Valuation Metrics

0
DSCR
6.9%
Cap Rate
6.9%
ROI

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Additional Information

Name
Cesar Cepeda
License
9010212
Brokerage
exp commercial Texas
Brokerage Address
9600 Great Hills Trail
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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