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3302 S Sugar Rd
Edinburg, TX 78539
Regency at Nora Townhomes · Multifamily Property For Sale
·
11 Units
Investment Highlights
- Irreplaceable Product Type Three-story townhome-style units in a market saturated with single-story fourplexes
- Tenant Profile Upgrade Potential Appeals to renters seeking a home-like environment, not typical apartment living
- Strategic Location High-visibility corridor with proximity to employment, retail, and commuter routes
- Clear Rental Upside Layout and design support higher rents vs. traditional units with proper repositioning
- Limited Direct Competition No comparable inventory nearby offering similar vertical living product
- Value-Add Without Heavy Renovation Upside driven primarily by rent optimization and management strategy, not major capex
Executive Summary
3302 S Sugar Rd – Rare Townhome-Style Multifamily Asset | Edinburg, TX
Positioned along the rapidly growing South Sugar corridor in Edinburg, this three-story townhome-style multifamily property presents a rare opportunity to acquire a differentiated asset in a submarket dominated by conventional one-story fourplexes.
Unlike surrounding inventory, 3302 S Sugar Rd offers vertical, townhouse-style units that appeal to a higher-quality tenant profile seeking privacy, separation of space, and a single-family home feel within a rental format. This design advantage creates a clear path to rent premiums and long-term tenant retention.
While current financials may not reflect stabilized performance, the opportunity lies in repositioning rents to market levels and capitalizing on the property’s unique product type, strong location, and limited direct competition.
Located near major thoroughfares, retail corridors, and employment drivers, the asset benefits from continued population growth and housing demand in the Edinburg/McAllen MSA.
This is not a commodity multifamily deal—it is a strategic acquisition for investors seeking upside through differentiation rather than competing on cap rate alone.
Positioned along the rapidly growing South Sugar corridor in Edinburg, this three-story townhome-style multifamily property presents a rare opportunity to acquire a differentiated asset in a submarket dominated by conventional one-story fourplexes.
Unlike surrounding inventory, 3302 S Sugar Rd offers vertical, townhouse-style units that appeal to a higher-quality tenant profile seeking privacy, separation of space, and a single-family home feel within a rental format. This design advantage creates a clear path to rent premiums and long-term tenant retention.
While current financials may not reflect stabilized performance, the opportunity lies in repositioning rents to market levels and capitalizing on the property’s unique product type, strong location, and limited direct competition.
Located near major thoroughfares, retail corridors, and employment drivers, the asset benefits from continued population growth and housing demand in the Edinburg/McAllen MSA.
This is not a commodity multifamily deal—it is a strategic acquisition for investors seeking upside through differentiation rather than competing on cap rate alone.
Property Facts
| Price Per Unit | $159,091 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 6.89% | Building Size | 20,805 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | CO - 11 Townhomes complex, located on prime area, near by hospitals with over 600 beds, the new county courthouse with an investment of 160 MMD. | ||
| Price Per Unit | $159,091 |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 0.59 AC |
| Building Size | 20,805 SF |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | CO - 11 Townhomes complex, located on prime area, near by hospitals with over 600 beds, the new county courthouse with an investment of 160 MMD. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 11 | $1,575 | 1,809 - 2,320 |
Property Taxes
| Parcel Number | R1765-00-000-000K-00 | Improvements Assessment | $163,704 |
| Land Assessment | $43,033 | Total Assessment | $206,737 |
Property Taxes
Parcel Number
R1765-00-000-000K-00
Land Assessment
$43,033
Improvements Assessment
$163,704
Total Assessment
$206,737
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