Montevideo Apartments

    • 121-201 N Montevideo Street
    • Edinburg, Texas 78541


  • Convenient Location Along Interstate 69C in South Texas - RGV
  • Positive Submarket Fundamentals
  • Zoned to Highly Acclaimed Edinburg Independent School District
  • True Value-Add Opportunity
  • Located in a Low Supply Submarket


Independence Commercial Advisors is proud to announce the exclusive listing of Montevideo Apartments, a 20-unit multifamily asset located in Edinburg, Texas. Built in 1978, the property sits on .316 acres of land. Exterior amenities include onsite parking, interior covered hallways, interior amenities include ceiling fans, tile flooring, and walk-in closets. Montevideo Apartments sits right off Montevideo Street and University Drive providing residents with easy access to Interstate 69C and Interstate 2 which are two major thoroughfares adjacent to Edinburg. The property is less than five miles away from South Texas College and two blocks (walking distance) to the University of Texas Rio Grande Valley, a rapidly expanding university with over 27,000 undergraduate students, as well as the UTRGV Graduate College and the UTRGV School of Medicine providing an easy commute for students. There are numerous popular retailers, restaurants, parks, churches, and schools nearby. Montevideo is within one block walking distance-across the street from Walmart Super Center, Chase Bank, Lowes Home Improvement, Whataburger, Taco Bell, and USPS. There are also attractions such as the International Museum of Art and Science and Cinemark Hollywood USA. The US Border Patrol Sector Headquarters ists just over four miles from the property and the McAllen International Airport is located about ten miles away from Montevideo. Edinburg is the home to leading entertainment at the largest indoor venue in South Texas, the Bert Ogden Arena and the United Soccer League at the HEB Park Sports Facility. Montevideo provides an opportunity for a new owner to invest in the property and increase rents to market. It is currently 100% occupied. The property contains a great unit mix consisting of one-bedrooms and two-bedrooms. Rents on the 1/1 units at 600-square-feet are below market rate and can be increased from $0.87/square-feet to the market rate of $1.08/square-feet. Rents on the 2/1 units at 600-square-feet can be increased from $0.88/square-feet to the market rate of $1.17/square-feet.