$1,980,000
Exceptional investment opportunity featuring a 19-unit townhome condominium portfolio in a prime Edinburg location. Currently 17 of 19 units are leased, providing immediate income with upside potential through lease-up of the remaining units. Each spacious townhome offers 2 bedrooms, 2.5 bathrooms, open concept living areas, and a private outdoor space, with select units featuring balconies and covered patios. Significant capital improvements were completed in 2022, including a new roof, exterior paint, and interior updates, reducing near-term maintenance concerns. Approximately 5 minutes from the expressway and ideally situated near the University of Texas Rio Grande Valley along with shopping, dining, medical facilities, and major transportation corridors, this property benefits from strong tenant demand and excellent accessibility. A rare opportunity to acquire a stabilized income-producing asset with a condominium ownership structure and long-term investment potential.
506097
MLS
2218 S Tourist Drive Unit #1-19, Edinburg