Leased Fourplex Income
3613 Whitewing Avenue Edinburg, TX 78539
For Sale
Contact for pricing
Fully leased fourplex with unit patios and in-unit appliances, including multiple 3-bedroom layouts.
Property Size4,200 SF
Price / SF$113.10
Days on Market129
Property Features for 3613 Whitewing Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multifamily
Building Details
Year Built
2019
Listing Agency:
Key Realty
(956) 225-5295
Listed By:
Preshina Samtani
Source:
Crexi
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 29 at 4:36PM
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 Key Realty
Investment Insights
Based on property information with market context.
This fully leased fourplex provides an income-producing residential setup with a diversified unit mix: one 1-bedroom/1-bath unit, one 2-bedroom/2-bath unit, and two 3-bedroom/2-bath units. Each unit includes essential appliances, including a stove, refrigerator, microwave, washer, and dryer. All units have private patios, with the two 3-bedroom units featuring expansive L-shaped patio areas.
The property is located at 3613 Whitewing Avenue in Edinburg, Texas. As presented, it is offered as a turnkey option for investors seeking immediate rental income with the current lease status in place.
The configuration supports straightforward tenant occupancy across the four distinct units while maintaining consistent convenience amenities, including in-unit laundry appliances and private outdoor patio space for each resident.
The property is located at 3613 Whitewing Avenue in Edinburg, Texas. As presented, it is offered as a turnkey option for investors seeking immediate rental income with the current lease status in place.
The configuration supports straightforward tenant occupancy across the four distinct units while maintaining consistent convenience amenities, including in-unit laundry appliances and private outdoor patio space for each resident.
Key Highlights
- Fourplex built in 2019 and fully leased, generating immediate rental income
- Unit mix includes 1 one‑bedroom/1‑bath, 1 two‑bedroom/2‑bath, and 2 three‑bedroom/2‑bath units
- All units include appliances: stove, refrigerator, microwave, washer, and dryer
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 | $58.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $56.4k | $13.42 |
| − OpEx | −$16.9k | −$4.03 |
| NOI | $39.5k | $9.39 |
4,200 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.09M
$953.6K – $1.27M
NOI $76,285 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex with unit patios and in-unit appliances, including multiple 3-bedroom layouts.
Where is this quadplex located?
The property is located at 3613 Whitewing Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fourplex built in 2019 and fully leased, generating immediate rental income; Unit mix includes 1 one‑bedroom/1‑bath, 1 two‑bedroom/2‑bath, and 2 three‑bedroom/2‑bath units; All units include appliances: stove, refrigerator, microwave, washer, and dryer
