1-19-2218 S Tourist Drive Edinburg, TX 78539
A 19-unit townhome condominium portfolio with 17 units leased and 2022 exterior and interior improvements.
Property Features for 1-19-2218 S Tourist Drive
General Information
- Standard status
- Active
- Size
- 22,270 SF
Listing office GDV Realty (956) 309-9810
Listing date Jun 2, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The property is located at 2218 S Tourist Drive in Edinburg, Texas. The remarks indicate the community is approximately 5 minutes from the expressway and positioned near the University of Texas Rio Grande Valley, along with shopping, dining, medical facilities, and major transportation corridors.
For prospective buyers or operators, the condominium structure and current occupancy provide an income-producing setup, with the remaining units available for lease-up. The 2022 improvements may help reduce near-term maintenance concerns, while the townhome configuration and private outdoor space can support a tenant-friendly living experience for well-matched households.
Key Highlights
- 19‑unit townhome condominium portfolio in Edinburg with 17 of 19 units currently leased
- Each townhome features 2 bedrooms and 2.5 bathrooms, with open‑concept living and a private outdoor space
- Select units include balconies and covered patios
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $350.1k | $15.72 |
| − Vacancy | −$10.2k | −$0.46 |
| EGI | $339.9k | $15.26 |
| − OpEx | −$153.0k | −$6.87 |
| NOI | $187.0k | $8.40 |
