4-Unit
New
For Sale
$395,000
1008 English Avenue, Edinburg, TX 78541
All four residences are leased and include a refrigerator, washer, and dryer.
Property Size3,824 SF
Price / SF$103.29
Days on Market4
Property Features for 1008 English Avenue
General Information
Standard status
Active
Size
3,824 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,165
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Washer
Mature Trees
Building Details
Building Size
3,824 SF
Year Built
2005
Buildings
2
Stories
1
Units
4
Listing Agency:
CapStone Realty PLLC
(956) 408-0268
Listed By:
Nelda Elaine Gomez Barrera · License #801001132
(956) 369-0000
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CapStone Realty PLLC
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Investment Insights
Based on property information with market context.
Built in 2005, this 3,824-square-foot quadplex contains four units, each with two bedrooms and two bathrooms. Recent work includes new paint and air-conditioning equipment. Every unit has a refrigerator, washer, and dryer; microwaves are present in some units.
The property is in Edinburg, near the University of Texas-Pan American, the Hidalgo County Courthouse, hospitals, medical centers, business centers, banks, retail, and restaurants. All four units are currently rented.
The property is in Edinburg, near the University of Texas-Pan American, the Hidalgo County Courthouse, hospitals, medical centers, business centers, banks, retail, and restaurants. All four units are currently rented.
Key Highlights
- Four units, each with 2 bedrooms and 2 baths
- 3,824 square feet; built in 2005
- All units rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,924
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,480
$718.5K
Cap Rate 7%
$513,200
$513.2K
Cap Rate 9%
$399,156
$399.2K
Market Conditions
NOI Build-Up for 3,824 SF
Gross rent
$52.8K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$51.3K $13.42/SF
− OpEx
−$15.4K −$4.03/SF
NOI
$35.9K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,480
Cap Rate 7%
$513,200
Cap Rate 9%
$399,156
Alternative Uses
Best Use
Multifamily LT 5
$513.2K
$449.1K – $598.7K
NOI $35,924 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.1K
NOI $32,103 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$992.2K
$868.2K – $1.16M
NOI $69,456 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased and include a refrigerator, washer, and dryer.
Where is this quadplex located?
The property is located at 1008 English Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 baths; 3,824 square feet; built in 2005; All units rented
