Edinburg Fourplex Investment
3214 Luz Divina Street Edinburg, TX 78542
3214 Luz Divina Street, Edinburg, TX, 78542
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For Sale
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Fourplex in Edinburg, TX with strong rental income potential.
Property Size3,640 SF
Price / SF$116.76
Days on Market827
Property Features for 3214 Luz Divina Street
General Information
- Standard status
- Active
- Size
- 3,640 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2016
Listing Agency
BIG Realty
(956) 465-0011
Listed by
Gregory Vasquez
Source
Crexi
Added: Apr 12, 2024 Checked: Jul 16 at 12:20 pm
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.
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 | $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 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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.
