Edinburg Fourplex Investment
For Sale
Contact for pricing
3702 W Zelma Street, Edinburg, TX 78541
Four-unit property in Edinburg, currently leased, near UTRGV.
Property Size4,032 SF
Price / SF$105.41
Days on Market783
Property Features for 3702 W Zelma Street
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multifamily
Building Details
Year Built
2004
Buildings
2
Units
4
Listing Agency:
Keller Williams Realty RGV
Listed By:
Maggie Harris · License #TREC # 0530155
(956) 379-4699
Source:
Crexi
Added: Sep 13, 2024
Changed: Oct 25
Last Checked: Nov 3 at 3:39AM
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 Keller Williams Realty RGV
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 four-unit property in Edinburg presents an investment opportunity. The building is situated in a location near UTRGV, shopping centers, and restaurants. Each unit is currently leased. Interior features include tile flooring and spacious cabinets. All appliances are included. The property has a size of 4032 square feet.
Key Highlights
- Solid income property with all units currently leased.
- Turnkey investment with all appliances included.
- Convenient location near UTRGV, shopping centers, and restaurants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,878
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,560
$757.6K
Cap Rate 7%
$541,114
$541.1K
Cap Rate 9%
$420,867
$420.9K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$55.6K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$54.1K $13.42/SF
− OpEx
−$16.2K −$4.03/SF
NOI
$37.9K $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%
$757,560
Cap Rate 7%
$541,114
Cap Rate 9%
$420,867
Alternative Uses
Best Use
Multifamily LT 5
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$483.6K
$423.1K – $564.2K
NOI $33,850 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,234 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
67
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in Edinburg, currently leased, near UTRGV.
Where is this quadplex located?
The property is located at 3702 W Zelma Street Edinburg, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Solid income property with all units currently leased.; Turnkey investment with all appliances included.; Convenient location near UTRGV, shopping centers, and restaurants.
