20 Unit Multi Family 3816 E Curve Rd Edinburg TX
Updated: May 20
Amazing Multi family in the Largest City in Hidalgo County.
Value Added 20 Unit Multi-family asset 3816 E Curve Rd, Edinburg TX.
Investment Summary: -Property is currently undergoing a $50,000 to $100,000 in renovations including but not limited to units, exterior parking lot, common areas, mailboxes, landscaping, and facade. -New ownership will be able to pick the current renovations and increase the value of the building at about $1,000,000. -Investing an additional $50k to $100k in-unit renovations will immediately increase rents to market value (currently $100-$150 lower) -The property has only 4 units vacant out of the 20 available. Returns: The new owner will be able to cash out about $100,000 once assets is stabilized.
NOI: $70,000 to $100,000 depending on the renovations performed. The property is being run at a 45% exp ratio. New ownership can implement Rubs program to bring in an additional $8000 income. Cap Rate: 8%
Asking price: $600,000 plus 3% fees
Negotiable: All offers will be reviewed and discussed.
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