32 Units - Assumable Attractive Debt - Portfolio Sale

For Sale

201 N Montevideo Ave, Edinburg, TX 78541

This Edinburg property for sale is located at 201 N Montevideo Ave. The current listed sale price for 32 Units - Assumable Attractive Debt - Portfolio Sale is $1,800,000. 32 Units - Assumable Attractive Debt - Portfolio Sale is situated on a lot that is 1.09 acre in size.

Contacts

broker
Edson Carvajal

SVN | Hanna Solutions Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 23,880 SF
  • Units 32
  • Lot Size 1.09 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Year Renovated 2021
  • Date Updated Feb 10, 2025
From university drive turn north on Montevideo. Property will be on your left (west side) of Montevideo.Discover the potential of real estate investment with this 32-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 1/1 and 2/1 and are equipped with essential appliances including a refrigerator and stove.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Under market rents allowing for rent increase
  • Value add opportunity, allowing for further increased rent and cashflow after renovations
  • Competitive 7.34% Cap Rate
  • 6.25% interest rate, much lower than current rates offer for commercial loans
  • Located in a growing city close to prominent university (UTRGV)
  • Opportunity to build a laundry room for additional income

Getting around

  • 67/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Edinburg, TX
  • Zip Code 78541
  • Market McAllen

Points of Interest

  • 107 Food Mart/Conoco

    0.27 miles

  • Valero

    0.71 miles

  • Exxon/El Tigre

    0.75 miles

  • H-E-B Fuel

    1.35 miles

  • Stripes/Valero

    1.88 miles

  • Exxon

    2.14 miles

  • Sunoco

    2.30 miles

  • Tesla Supercharger

    8.85 miles

  • E39

    0.22 miles

  • Q1

    0.24 miles

  • E8

    0.26 miles

  • B1

    0.27 miles

  • P

    0.30 miles

  • E35

    0.32 miles

  • O

    0.38 miles

  • D

    0.42 miles

  • C

    0.42 miles

  • Wheel-Chair Accessible Parking

    0.50 miles

  • Executive Inn-Edinburg

    1.88 miles

  • Best Western Plus Edinburg Inn & Suites

    2.13 miles

  • Texas Inn and Suites

    2.76 miles

  • Comfort Inn Edinburg South

    2.90 miles

  • Motel 6

    4.83 miles

  • Hampton Inn & Suites

    4.87 miles

  • La Quinta Inn & Suites Pharr - Rio Grande Valley

    4.89 miles

  • Red Roof Inn Pharr - McAllen

    5.05 miles

  • Holiday Inn Express & Suites Pharr

    5.07 miles

  • Comfort Inn & Suites

    6.07 miles

  • Staples Office Supply

    0.27 miles

  • Walmart Supercenter

    0.29 miles

  • H-E-B

    1.43 miles

  • Junior's Super market

    2.61 miles

  • Burlington

    2.87 miles

  • TJ Maxx

    2.92 miles

  • Ross

    2.94 miles

  • Big Lots

    2.95 miles

  • Burkes Outlet

    2.96 miles

  • JCPenney

    2.98 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Edson Carvajal

SVN | Hanna Solutions Commercial Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.