4-Unit
New
For Sale
$358,900
2020 N Aruba Drive, Edinburg, TX 78541
Built in 2004, the property offers multi-unit residential space near Edinburg retail, medical, and civic destinations.
Property Size3,660 SF
Price / SF$98.06
Days on Market5
Property Features for 2020 N Aruba Drive
General Information
Standard status
Active
Size
3,660 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,992
Amenities
Ceiling Fan(s)
Microwave
Mature Trees
Building Details
Building Size
3,660 SF
Year Built
2004
Buildings
4
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 21
Changed: Oct 23
Last Checked: Oct 23 at 3:23PM
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.
The 4-unit residential property at 2020 N Aruba Drive in Edinburg contains 3,660 square feet and was built in 2004. Its four-unit configuration provides multiple residential spaces within one property.
Nearby destinations include retail centers, hospitals, banks, restaurants, UT-RGV, Hidalgo County Courthouse, Starbucks, and Lowe’s. The property is also described as close to surrounding Valley towns.
Nearby destinations include retail centers, hospitals, banks, restaurants, UT-RGV, Hidalgo County Courthouse, Starbucks, and Lowe’s. The property is also described as close to surrounding Valley towns.
Key Highlights
- Four‑unit residential property
- 3,660 square feet
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,727
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,540
$614.5K
Cap Rate 7%
$438,957
$439.0K
Cap Rate 9%
$341,411
$341.4K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$57.5K $15.72/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$55.9K $15.26/SF
− OpEx
−$25.1K −$6.87/SF
NOI
$30.7K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,540
Cap Rate 7%
$438,957
Cap Rate 9%
$341,411
Alternative Uses
Best Use
Multifamily LT 5
$491.2K
$429.8K – $573.1K
NOI $34,383 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.1K
NOI $30,727 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$949.7K
$831.0K – $1.11M
NOI $66,477 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
94
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2004, the property offers multi-unit residential space near Edinburg retail, medical, and civic destinations.
Where is this quadplex located?
The property is located at 2020 N Aruba Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $358,900.
What are key features of this property?
This property features: Four‑unit residential property; 3,660 square feet; Built in 2004
