Four-Unit Apartment
New
For Sale
$373,000
2106 Kimberly Lane, Edinburg, TX 78541
Four two-bedroom, two-bath residences share a site with mature trees and rear covered parking.
Property Size3,640 SF
Price / SF$102.47
Days on Market4
Property Features for 2106 Kimberly Lane
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
1997
Buildings
1
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:45AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,640 square feet and was built in 1997. Each residence has two bedrooms and two bathrooms, with covered parking positioned at the rear and mature trees across the lot.
The property is on Kimberly Lane in Edinburg, near Walmart, UTRGV, and the courthouse.
The property is on Kimberly Lane in Edinburg, near Walmart, UTRGV, and the courthouse.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,640 square feet; built in 1997
- Rear covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$50.2K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$48.9K $13.42/SF
− OpEx
−$14.7K −$4.03/SF
NOI
$34.2K $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%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 17.72%
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
748
Businesses Nearby
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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 - Four two-bedroom, two-bath residences share a site with mature trees and rear covered parking.
Where is this quadplex located?
The property is located at 2106 Kimberly Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,640 square feet; built in 1997; Rear covered parking
