80Unit 2021| Below Replment Cost 15th Place 815 North 15th Pl 80 Unit Apartment Building $12,899,286 CAD ($161,241 CAD/Unit) 4.77% Cap Rate Edinburg, TX 78541

This offering presents a rare opportunity to acquire a 2021-built, 80-unit multifamily asset at a basis below replacement cost in the rapidly growing Edinburg, Texas market.
The property combines modern construction, strong in-place income, and clear operational upside, making it well-positioned for investors seeking long-term durability with a path to stabilized yield.
Currently operating at approximately 83% occupancy, the asset offers immediate upside through lease-up and rent normalization, particularly in larger unit types where in-place rents trail market levels. Additional revenue growth can be achieved through RUBS implementation and operational efficiencies, without the need for heavy capital improvements.
Strategically located within walking distance to the Hidalgo County Courthouse and just minutes from the University of Texas Rio Grande Valley, the property benefits from consistent demand driven by government, education, and healthcare employment, creating a stable and resilient tenant base.
With minimal deferred maintenance due to its recent construction, investors can focus on income growth rather than capital expenditure, positioning the asset for long-term appreciation and improved cash flow upon stabilization.