Well-Maintained 5-Unit Apartment
3824 West Faith Hill Street Edinburg, TX 78541
3824 West Faith Hill Street, Edinburg, TX, 78541
$429,000
For Sale
$429,000
Charming 5-unit apartment building in a desirable location.
Property Size4,698 SF
Price / SF$91.32
Days on Market1276
Property Features for 3824 West Faith Hill Street
General Information
- Standard status
- Active
- Size
- 4,698 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 2005
Listing Agency
Four Directions Realty LLC
(512) 851-7828
Listed by
Frank Plummer · License #0705513
(512) 851-7828
Source
Compass
Added: Jan 20, 2023 Checked: Jul 17 at 5:41 am
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 Four Directions Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained 5-unit apartment building is located in a desirable neighborhood. The property features a classic brick exterior. Each of the five units is fully rented and includes all appliances. The units offer spacious layouts, with each approximately 940 square feet, featuring two bedrooms and two bathrooms. A covered parking area is located on the alleyway, providing residents with off-street parking and shade. The property is situated minutes from UTRGV, shopping, dining, and schools. The property size is 4,698 square feet.
Key Highlights
- Fully rented 5‑unit apartment building - immediate income for investors.
- Each unit is spacious (approximately 940 sq ft) with 2 bedrooms and 2 bathrooms.
- Desirable neighborhood location - close to UTRGV, shopping, dining, and schools.
Local Financial Insights For Apartment 5plus
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 | $73.9k | $15.72 |
| − Vacancy | −$2.1k | −$0.46 |
| EGI | $71.7k | $15.26 |
| − OpEx | −$32.3k | −$6.87 |
| NOI | $39.4k | $8.40 |
4,698 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$563.4K
$493.0K – $657.4K
NOI $39,441 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,331 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Charming 5-unit apartment building in a desirable location.
Where is this apartment building located?
The property is located at 3824 West Faith Hill Street Edinburg, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Fully rented 5‑unit apartment building - immediate income for investors.; Each unit is spacious (approximately 940 sq ft) with 2 bedrooms and 2 bathrooms.; Desirable neighborhood location - close to UTRGV, shopping, dining, and schools.
