Las Magnolias Signature Living 1218 E Santa Rosa St 24 Unit Apartment Building $8,449,500 CAD ($352,062 CAD/Unit) 6.20% Cap Rate Edinburg, TX 78542

Las Magnolias Signature Living at 1218 East Santa Rosa in Edinburg, Texas offers an opportunity to acquire an established condominium community with significant future development potential. The project currently consists of six completed fourplex buildings totaling 24 condominium units, with each condominium containing approximately 1,325 square feet. The community is positioned as an exclusive gated condominium subdivision and currently generates rental income of approximately $1,600 per month per condominium, producing a reported annual gross income of $460,800 across the existing 24 units. In addition to the completed inventory, the subdivision includes the ability to develop 101 additional condominiums, creating a potential total of 125 condominium units upon full buildout. The combination of existing cash flow and a substantial expansion opportunity allows an investor or developer to acquire a project with both current income and long-term growth potential. Located in Edinburg, one of the Rio Grande Valley's major economic and educational centers, the property benefits from continued residential demand, regional population growth, and proximity to major employment, retail, healthcare, and university-related activity. This offering presents the opportunity to control a scalable residential condominium development within a gated community environment while leveraging the income stream from the existing completed units.