Montevideo Apartments - 7.91% Cap Rate

121-201 N Montevideo Ave, Edinburg, TX, 78541

Sale price $905,000 ≈ $5,016/mo at 25% down, 7.5%, 25 yr — run the numbers →

Property highlights

Pro-forma cap rate 7.91%

Discover the potential of real estate investment with this 20-unit apartment complex strategically located off University Drive in the vibrant city of Edinburg. Offering a loan assumption option, this property simplifies ownership transfer and provides a seamless investment opportunity. These properties offer units that have 1 bedroom and 1 bath and are equipped with essential appliances including a refrigerator, stove, and microwave

Property detail

Price $905,000

Cap rate 8.74%

Property type Multifamily

Building size 15,637 SF

Land 0.59 AC

Units 20

Year built 1978

Zoning RM

County Hidalgo

Status Closed

View on Buildout Estimate financing

Speak to the team

(956) 322-4001
SVN | Hanna Solutions Commercial Real Estate
1001 E Jackson Ave STE A, McAllen, TX 78501

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