Leased Fourplex Near
For Sale
Contact for pricing
3704 Valeria Street, Edinburg, TX 78541
Fully leased fourplex near UTRGV, restaurants, and shopping.
Property Size3,192 SF
Price / SF$144.11
Days on Market1069
Property Features for 3704 Valeria Street
General Information
Standard status
Active
Size
3,192 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2018
Buildings
2
Units
4
Listing Agency:
Imperio Real Estate LLC
Listed By:
Jorge Valdez
(956) 803-0341
Source:
Crexi
Added: Nov 11, 2023
Changed: Oct 3
Last Checked: Oct 14 at 10:43PM
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 Imperio Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex presents an investment opportunity with 100% occupancy. Each unit features 2 bedrooms and 2 baths. The units include spacious bedrooms and large kitchen countertops. The master baths are equipped with his and her sinks. The property is located minutes away from UTRGV, restaurants, shopping centers, and businesses in Edinburg. The property size is 3192 square feet.
Key Highlights
- 100% leased fourplex providing immediate rental income.
- Each unit features 2 bedrooms and 2 bathrooms.
- Minutes away from UTRGV, restaurants, shopping centers, and businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,987
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,740
$599.7K
Cap Rate 7%
$428,386
$428.4K
Cap Rate 9%
$333,189
$333.2K
Market Conditions
NOI Build-Up for 3,192 SF
Gross rent
$44.0K $13.80/SF
− Vacancy
−$1.2K −$0.38/SF
EGI
$42.8K $13.42/SF
− OpEx
−$12.9K −$4.03/SF
NOI
$30.0K $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%
$599,740
Cap Rate 7%
$428,386
Cap Rate 9%
$333,189
Alternative Uses
Best Use
Multifamily LT 5
$428.4K
$374.8K – $499.8K
NOI $29,987 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$382.8K
$335.0K – $446.6K
NOI $26,798 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$828.2K
$724.7K – $966.3K
NOI $57,977 @ 7.0% cap · market cap 12.60%
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
54
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex near UTRGV, restaurants, and shopping.
Where is this quadplex located?
The property is located at 3704 Valeria Street Edinburg, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 100% leased fourplex providing immediate rental income.; Each unit features 2 bedrooms and 2 bathrooms.; Minutes away from UTRGV, restaurants, shopping centers, and businesses.
