3702 W Zelma Street, Edinburg, TX 78541
Four-unit property in Edinburg, currently leased, near UTRGV.
- Added:
- Sep 13, 2024
- Days on Market:
- 646
- Last Refresh:
- May 12 at 9:41 pm
Property Features for 3702 W Zelma Street
General Information
- Standard status
- Active
- Size
- 4,032 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing agent Maggie Harris License #TREC # 0530155
Listing office KELLER WILLIAMS REALTY RIO GRANDE VALLEY (956) 566-8377
Listing date Sep 13, 2024
Source Crexi
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 RIO GRANDE VALLEY
HighLights
- Solid income property with all units currently leased.
- Turnkey investment with all appliances included.
- Convenient location near UTRGV, shopping centers, and restaurants.
- 4‑plex offers multiple income streams.
- Tile flooring throughout the building.
- Built in 2004.
Overview
Local Financial Insights For Multifamily LT 5
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 | $55.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.1k | $13.42 |
| − OpEx | −$16.2k | −$4.03 |
| NOI | $37.9k | $9.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2016593
- Latitude
- 26.3171646
