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    1321 Joscelyn Dr Edinburg, TX 78539

    Sponsored
    For Sale
    $595,000

    Brand-new 4-plex, prime investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional multifamily property, located at 1321 Joscelyn Drive, Edinburg, TX 78539, presents a compelling investment opportunity. Completed in 2024, this property consists of two buildings situated on an 11,700.216 sq ft lot. The property features four units total: two spacious three-bedroom, two-bathroom units and two stylish two-bedroom, two-bathroom units. Each unit boasts high-end finishes, open floor plans, and energy-efficient features designed for low maintenance and high tenant appeal. The modern exterior includes contemporary landscaping. Ten-foot ceilings add to the spacious feel. The property's location is highly desirable, just two miles from the University of Texas Rio Grande Valley (UTRGV), ensuring strong rental demand. Projected rents are $1350 for the three-bedroom units and $1200 for the two-bedroom units. This meticulously constructed property offers a superior build quality compared to many similar properties on the market, promising long-term value and strong returns. The asking price for this exceptional investment is $595,000. Don't miss this chance to acquire a truly remarkable multifamily property in a thriving Texas market.

    Property Features for 1321 Joscelyn Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • $595,000 asking price.
    • Multifamily property, consisting of a four‑unit apartment building (duplex/triplex/quadruplex).
    • Four units total; two 3‑bedroom/2‑bathroom units and two 2‑bedroom/2‑bathroom units.
    • Newly constructed in 2024, with two buildings on an 11,700 sq ft lot.
    • Located at 1321 Joscelyn Drive, Edinburg, TX 78539, approximately two miles from UTRGV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1884949
    Latitude
    26.268255

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    FAQs

    What type of property is this?
    Multifamily property - Brand-new 4-plex, prime investment opportunity.
    Where is this multifamily property located?
    The property is located at 1321 Joscelyn Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price.; Multifamily property, consisting of a four-unit apartment building (duplex/triplex/quadruplex).; Four units total; two 3-bedroom/2-bathroom units and two 2-bedroom/2-bathroom units.
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    1321 Joscelyn Dr Edinburg, TX 78539
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321 Joscelyn Dr Edinburg, TX 78539
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