214 Fig Drive, Edinburg, TX 78541
Well-maintained fourplex in Edinburg, built in 2016.
- Added:
- Nov 11, 2023
- Days on Market:
- 941
- Last Refresh:
- May 12 at 10:54 pm
Property Features for 214 Fig Drive
General Information
- Standard status
- Active
- Size
- 4,432 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2016
Listing agent Vanessa Grimaldo License #TREC # 574075
Listing office BIG Realty
Listing date Nov 11, 2023
Source Crexi
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 BIG Realty
HighLights
- Fourplex built in 2016 - modern construction and investment potential.
- Two unit types: 2 units with 2 bedrooms/2 bathrooms (1,096 sq ft) and 2 units with 3 bedrooms/2 bathrooms (1,120 sq ft).
- Excellent location: gated West Oaks subdivision.
- Conveniently located near shopping, grocery stores, restaurants, schools, and UTRGV.
- Tile flooring throughout all units.
- Plenty of natural lighting and backyard space.
Overview
Local 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 | $61.2k | $13.80 |
| − Vacancy | −$1.7k | −$0.38 |
| EGI | $59.5k | $13.42 |
| − OpEx | −$17.8k | −$4.03 |
| NOI | $41.6k | $9.39 |
Alternative Uses
Current Use by Public Records
Map
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1388
- Latitude
- 26.3673
