Coldwell Banker La Mansion
Listed by Coldwell Banker La Mansion
$1,400,000
2210 Elisa Lane
Details
APN 550323
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 18,000
Units 20
Year Built 1995
Buildings 1
Acreage 0.732
Parking Spaces 40 spaces
Parking Per SqFt 2.22
Multifamily | 20 Units
Marketing description
This prime investment opportunity in Edinburg, Texas features a 20-unit Class C apartment complex with affordable 2-bedroom, 2-bath apartments. Ideally located minutes from the University of Texas Rio Grande Valley (UTRGV) and surrounded by major retailers like Walmart, Lowe's, Chick-fil-A, and Khan's Grill, this complex offers a mix of upstairs and downstairs units, appealing to families and young professionals. The property has significant value-add potential, with opportunities for renovations to enhance rental income and overall asset value. Dedicated parking increases tenant appeal, and current Section 8 acceptance broadens the tenant pool, ensuring consistent rental demand. Investors will appreciate the strong local rental market, guaranteeing a steady influx of applicants. This is a unique chance to acquire a well-located asset with substantial upside potential. Call today to schedule a viewing and explore how this value-add investment can enhance your portfolio.
Listing Contacts
Coldwell Banker La Mansion
Listed by Coldwell Banker La Mansion
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