Four-Unit
New
For Sale
$510,000
2205 N Mojave, Edinburg, TX 78541
Each residence has three bedrooms, two bathrooms, and a complete set of kitchen and laundry appliances.
Property Size4,842 SF
Price / SF$105.33
Days on Market4
Property Features for 2205 N Mojave
General Information
Standard status
Active
Size
4,842 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,378
Amenities
refrigerator
stove
microwave
washer
dryer
Building Details
Year Built
2018
Buildings
1
Listing Agency:
Fox Real Estate Pros
(956) 280-0405
Listed By:
Melissa Farias
(956) 961-9984
Source:
Exprealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 3:51PM
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 Fox Real Estate Pros
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Investment Insights
Based on property information with market context.
Completed in 2018, this quadplex contains four residences, each with approximately 1, 210 sq. ft., three bedrooms, and two bathrooms. Refrigerator, stove, microwave, washer, and dryer are included in every unit, along with two designated covered parking spaces.
Three units are occupied and one is vacant. The property therefore combines existing rental occupancy with an available residence.
Three units are occupied and one is vacant. The property therefore combines existing rental occupancy with an available residence.
Key Highlights
- Four residential units, built in 2018
- Each unit offers approximately 1, 210 sq. ft., with 3 bedrooms and 2 bathrooms
- Two designated covered parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,487
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,740
$909.7K
Cap Rate 7%
$649,814
$649.8K
Cap Rate 9%
$505,411
$505.4K
Market Conditions
NOI Build-Up for 4,842 SF
Gross rent
$66.8K $13.80/SF
− Vacancy
−$1.8K −$0.38/SF
EGI
$65.0K $13.42/SF
− OpEx
−$19.5K −$4.03/SF
NOI
$45.5K $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%
$909,740
Cap Rate 7%
$649,814
Cap Rate 9%
$505,411
Alternative Uses
Best Use
Multifamily LT 5
$649.8K
$568.6K – $758.1K
NOI $45,487 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$580.7K
$508.1K – $677.5K
NOI $40,650 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,946 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
97
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 - Each residence has three bedrooms, two bathrooms, and a complete set of kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 2205 N Mojave Edinburg, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four residential units, built in 2018; Each unit offers approximately 1, 210 sq. ft., with 3 bedrooms and 2 bathrooms; Two designated covered parking spaces per unit
