1907 Jason Avenue Edinburg, TX 78539
Five 4-plexes near UTRGV, ideal for investors.
Property Features for 1907 Jason Avenue
General Information
- Standard status
- Active
- Size
- 14,025 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1993
Listing office RE/MAX Integrity
Listing date Nov 6, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Integrity
Investment Insights
Based on property information with market context.
Key Highlights
- Portfolio of five 4‑plexes (20 units total) offers a significant investment opportunity.
- Prime location in Edinburg, near Sugar Rd. and Sprague, provides easy access to amenities.
- Proximity to UTRGV ensures consistent occupancy and rental income from students.
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 | $193.5k | $13.80 |
| − Vacancy | −$5.3k | −$0.38 |
| EGI | $188.2k | $13.42 |
| − OpEx | −$56.5k | −$4.03 |
| NOI | $131.8k | $9.39 |
