Fourplex with Two-Bedroom
New
For Sale
$365,000
2100 Aruba Drive, Edinburg, TX 78541
All four residences are occupied, with two bedrooms and two full bathrooms in each.
Property Size3,660 SF
Price / SF$99.73
Days on Market4
Property Features for 2100 Aruba Drive
General Information
Standard status
Active
Size
3,660 SF
Total Parking Spaces
4
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
$7,700
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Split Bedrooms
Walk-In Closet(s)
Mature Trees
Building Details
Building Size
3,660 SF
Year Built
2004
Buildings
2
Stories
1
Units
4
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Misael Blanco · License #725346
(956) 328-2167
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:33PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 3,660-square-foot fourplex, built in 2004, contains four units. Each residence has two bedrooms and two full bathrooms, and all units are occupied.
The property is at 2100 Aruba Drive in Edinburg, near UTRGV. Shopping, dining, parks, and major highways are also nearby.
The property is at 2100 Aruba Drive in Edinburg, near UTRGV. Shopping, dining, parks, and major highways are also nearby.
Key Highlights
- Four units, each with 2 bedrooms and 2 full bathrooms
- All four units occupied
- 3,660 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,727
Cap Rate
8.42%
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 9.42%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.1K
NOI $30,727 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$949.7K
$831.0K – $1.11M
NOI $66,477 @ 7.0% cap · market cap 18.21%
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
98
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with two bedrooms and two full bathrooms in each.
Where is this quadplex located?
The property is located at 2100 Aruba Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 full bathrooms; All four units occupied; 3,660 square feet
