Luxury Apartments Near
403 Pirul Street W Edinburg, TX 78541
403 Pirul Street W, Edinburg, TX, 78541
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For Sale
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Luxury apartments near the University of Texas RGV.
Property Size3,844 SF
Price / SF$124.84
Days on Market684
Property Features for 403 Pirul Street W
General Information
- Standard status
- Active
- Size
- 3,844 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2015
Listing Agency
BERKSHIRE HATHAWAY HOMESERVICES RGV REALTY
Listed by
Martin Manzo · License #TREC # 0579568
Source
Crexi
Added: Sep 3, 2024 Checked: Jul 17 at 9:11 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 BERKSHIRE HATHAWAY HOMESERVICES RGV REALTY
Investment Insights
Based on property information with market context.
This property features luxury apartments within walking distance of the University of Texas RGV. The units have industrial gray-white walls, porcelain flooring, rainfall showers, and granite countertops in both the kitchen and bathrooms. Modern fixtures are installed throughout, including ceiling fans, lights, faucets, sink vessels, and showers. Each apartment includes appliances. The property is fenced and includes concrete slab private patio areas. Situated on a large corner lot at the end of a dead-end street, the location offers low traffic and privacy. The property size is 3844 square feet.
Key Highlights
- Walking distance to the University of Texas RGV.
- Enjoy your private fenced patio.
- Includes appliances.
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 | $60.4k | $15.72 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $58.7k | $15.26 |
| − OpEx | −$26.4k | −$6.87 |
| NOI | $32.3k | $8.40 |
3,844 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$461.0K
$403.4K – $537.9K
NOI $32,271 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.4K
$872.7K – $1.16M
NOI $69,819 @ 7.0% cap · market cap 14.55%
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 - Luxury apartments near the University of Texas RGV.
Where is this apartment building located?
The property is located at 403 Pirul Street W Edinburg, TX.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Walking distance to the University of Texas RGV.; Enjoy your private fenced patio.; Includes appliances.
