1611 Norma Ln

1611 Norma Ln Edinburg, TX 78539

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,000,000
Last Verified:
May 22, 2019

Highlights

  • Units are all 2/2, ± 985 sf
  • Laundry room onsite
  • Two-story office that may converted to apartments
  • Roofs were replaced in June of 2013
  • Proximity to elementary, middle, and high schools
  • UTRGV within a mile and a half

Description

1611 Norma Ln consists of five buildings that collectively house a laundry room, a two-story office (that may be converted into additional apartments), and twenty, ± 985 sf 2 bedroom/2 bathroom apartments. The complex is adjacent to a city park and is surrounded by elementary, middle, and high schools. UTRGV is about a mile and a half north of the property, and grocery stores/other retail are nearby as well. The functional and spacious floor plans provide residents with a great place to live, work, and play. 2017 rents were ? 8% below market, and there is plenty of room to increase the bottom line by decreasing operating expenses.

Situated a mile and a half South of the University of Texas - Rio Grande Valley, these 20 2/2s offer residents quick and easy access to everything that the city of Edinburg has to offer.


Year Built: 1974
Building Size: 20130.0sq ft
Lot Size: 0.86 acres

Map of 1611 Norma Ln, Edinburg, TX, 78539

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