Well-Maintained
2108 E Kimberly Lane E Edinburg, TX 78541
For Sale
Contact for pricing
A well-kept four-unit property with two units available and two units currently undergoing renovations.
Property Size3,640 SF
Price / SF$123.63
Days on Market81
Property Features for 2108 E Kimberly Lane E
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Multifamily
Building Details
Year Built
1997
Listing Agency:
WINNERS CIRCLE
(956) 888-0052
Listed By:
Candice Clayton
Source:
Crexi
Added: May 8
Changed: Jul 22
Last Checked: Jul 24 at 12:16PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
This well-maintained fourplex provides four income-producing units, with two units currently available for lease and two additional units undergoing renovations. The exterior is cared for, with mature trees adding shade and character throughout the property.
The property is described as being just minutes from UTRGV, positioned within a high-demand rental area near shopping centers, restaurants, and major roadways.
For sale as a residential income property, it offers a clear mix of currently available units and renovation activity, suitable for buyers looking to acquire an operating fourplex while units are being brought up to condition.
The property is described as being just minutes from UTRGV, positioned within a high-demand rental area near shopping centers, restaurants, and major roadways.
For sale as a residential income property, it offers a clear mix of currently available units and renovation activity, suitable for buyers looking to acquire an operating fourplex while units are being brought up to condition.
Key Highlights
- Well‑kept 4‑plex built in 1997
- 4 units total: 2 currently available for lease, 2 undergoing renovations
- Income‑producing property with immediate upside and value‑add through in‑progress renovations
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 | $50.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $48.9k | $13.42 |
| − OpEx | −$14.7k | −$4.03 |
| NOI | $34.2k | $9.39 |
3,640 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - A well-kept four-unit property with two units available and two units currently undergoing renovations.
Where is this quadplex located?
The property is located at 2108 E Kimberly Lane E Edinburg, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑kept 4‑plex built in 1997; 4 units total: 2 currently available for lease, 2 undergoing renovations; Income‑producing property with immediate upside and value‑add through in‑progress renovations
