Remodeled
For Sale
$287,500
2110 De Leon Ave, Donna, TX 78537
Each residence offers two bedrooms, an open layout, and a 12-month lease arrangement.
Property Size3,000 SF
Price / SF$95.83
Days on Market150
Property Features for 2110 De Leon Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,403
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Source:
Exprealty
Added: May 20
Changed: Oct 14
Last Checked: Oct 15 at 12:54AM
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 Keller Williams Realty RGV
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Investment Insights
Based on property information with market context.
This four-unit residential property has been recently remodeled and includes four two-bedroom residences with open-concept floor plans. Long-term tenants are in place under 12-month leases, providing an established leasing profile for the property.
Located at 2110 De Leon Ave in Donna, TX, the property is within walking distance of city parks and a short drive from schools, shopping, restaurants, and major highway access. The unit configuration and recent updates offer a straightforward multifamily format for an investor seeking an income-producing residential asset.
Located at 2110 De Leon Ave in Donna, TX, the property is within walking distance of city parks and a short drive from schools, shopping, restaurants, and major highway access. The unit configuration and recent updates offer a straightforward multifamily format for an investor seeking an income-producing residential asset.
Key Highlights
- Four‑unit property with all two‑bedroom residences
- Recently remodeled throughout
- Open‑concept layouts in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,235
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,700
$524.7K
Cap Rate 7%
$374,786
$374.8K
Cap Rate 9%
$291,500
$291.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$42.1K $14.04/SF
− Vacancy
−$4.6K −$1.55/SF
EGI
$37.5K $12.49/SF
− OpEx
−$11.2K −$3.75/SF
NOI
$26.2K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,700
Cap Rate 7%
$374,786
Cap Rate 9%
$291,500
Alternative Uses
Best Use
Multifamily LT 5
$374.8K
$327.9K – $437.3K
NOI $26,235 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 8.40%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 55.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms, an open layout, and a 12-month lease arrangement.
Where is this quadplex located?
The property is located at 2110 De Leon Ave Donna, TX.
What is the asking price?
The asking price for this property is $287,500.
What are key features of this property?
This property features: Four‑unit property with all two‑bedroom residences; Recently remodeled throughout; Open‑concept layouts in each unit
