Edinburg Fourplex Investment
For Sale
Contact for pricing
3214 Luz Divina Street, Edinburg, TX 78542
Fourplex in Edinburg, TX with strong rental income potential.
Property Size3,640 SF
Price / SF$116.76
Days on Market917
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Property Features for 3214 Luz Divina Street
General Information
Standard status
Active
Size
3,640 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2016
Buildings
2
Units
4
Listing Agency:
BIG Realty
Listed By:
Gregory Vasquez · License #TEXAS0665545
(956) 465-0011
Source:
Crexi
Added: Apr 12, 2024
Changed: Oct 14
Last Checked: Oct 14 at 8:41PM
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
Investment Insights
Based on property information with market context.
Located at 3214 Luz Divina Street in Edinburg, TX, this fourplex features a total living space of 3,640 sqft. Constructed in 2016, the property consists of two buildings, each housing two units. Each unit includes two bedrooms and two bathrooms. Current rents range from $900 to $950 per unit. Property amenities include a wood fence, central HVAC system, granite countertops, and ceiling fans. The property presents a potential investment opportunity with possible rent increases.
Key Highlights
- Four units provide immediate rental income.
- Built in 2016, indicating modern construction.
- Each unit features two bedrooms and two bathrooms, appealing to a broad tenant base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
8.05%
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 8.05%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Edinburg, TX with strong rental income potential.
Where is this quadplex located?
The property is located at 3214 Luz Divina Street Edinburg, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four units provide immediate rental income.; Built in 2016, indicating modern construction.; Each unit features **two bedrooms and two bathrooms**, appealing to a broad tenant base.
