Well-Maintained Fourplex Near
For Sale
Contact for pricing
2100 Aruba Drive, Edinburg, TX 78541
Four fully occupied units near UTRGV, great investment opportunity.
Property Size3,660 SF
Price / SF$103.83
Days on Market723
Property Features for 2100 Aruba Drive
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multifamily
Building Details
Year Built
2004
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
misael Blanco · License #tx 725346
Source:
Crexi
Added: Aug 13, 2024
Changed: Jul 6
Last Checked: Aug 5 at 11:54AM
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
Investment Insights
Based on property information with market context.
This fourplex presents an investment opportunity with immediate rental income and long-term potential. The property contains four units, each featuring 2 bedrooms and 2 full bathrooms. The units are fully occupied, providing consistent cash flow. The property is located near UTRGV and is close to shopping, dining, parks, and major highways. The property size is 3660 square feet.
Key Highlights
- Fully occupied fourplex provides immediate and consistent rental income.
- Each unit features 2 bedrooms and 2 full bathrooms, offering spacious living.
- Prime location near UTRGV, shopping, dining, parks, and major highways.
Financial Insights For Multifamily LT 5
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 | $50.5k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $49.1k | $13.42 |
| − OpEx | −$14.7k | −$4.03 |
| NOI | $34.4k | $9.39 |
3,660 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.2K
$429.8K – $573.1K
NOI $34,383 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.1K
NOI $30,727 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$949.7K
$831.0K – $1.11M
NOI $66,477 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units near UTRGV, great investment opportunity.
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 $380,000.
What are key features of this property?
This property features: Fully occupied fourplex provides immediate and consistent rental income.; Each unit features 2 bedrooms and 2 full bathrooms, offering spacious living.; Prime location near UTRGV, shopping, dining, parks, and major highways.
