1609 W Cortlandt St - Apartments FOR SALE


Edinburg, TX 78541
$489,000 USD
956-520-2318
1609 W Cortlandt St, Edinburg, TX for Sale
$489,000 USD
Apartments - FOR SALE
1/11
null | 7.82% Cap Rate

1609 W Cortlandt St
Edinburg, TX 78541


HIGHLIGHTS

  • All 3 Bedroom 2 Bath units, Fully Leased
  • Very near University of Texas and County seat
  • Schools, Stores, Restaurants, All near by

OVERVIEW

Outstanding Fully Leased Fourplex! UNION SQUARE APARTMENTS proudly presents a FULLY LEASED Fourplex in a COMPLETED multi-family apartment community. And if interested in owning two, the next door Fourplex is available at the same price, bringing 8 doors of rental units available. This private gated community spans over 33 developed acres, just a short distance from the downtown business district and the Univeristy of Texas RGV campus. The surrounding neighborhood is near quality public schools, coffee shops, supermarkets, wine bars, fine dining, yoga classes, day care, parks and recreation, stadiums and entertainment venues, and a University of Texas campus with over 31,000 students just 2 minutes away. Featuring a Fourplex built to custom home standards with real stone, real brick, and high-end finishes. Nothing is prefabricated and there is no stucco or foam used in their construction. Stainless steel refrigerators, washer and dryers, and window coverings are included in the package. All 4 units 3bed/2 ba with 1065 sq ft each unit!

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,250

CAP RATE

7.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1609 Cortland - Union Square Forplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,676 SF

ZONING

Multi-Family Residental

APN/PARCEL ID

U0330-00-000-0064-00

ASK ABOUT THIS PROPERTY

Janet ClementSpirit Real EstateMore Info
956-520-2318

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Janet ClementSpirit Real EstateMore Info
956-520-2318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.