Luxury Fourplex Near
912 N Blair Avenue Edinburg, TX 78541
912 N Blair Avenue, Edinburg, TX, 78541
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For Sale
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Luxury fourplex in Edinburg near UTRGV, great investment property.
Property Size4,114 SF
Price / SF$139.77
Days on Market781
Property Features for 912 N Blair Avenue
General Information
- Standard status
- Active
- Size
- 4,114 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing Agency
Texas Premier Realty
Listed by
Monica Gonzalez
Source
Crexi
Added: May 30, 2024 Checked: Jul 19 at 6:16 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 Texas Premier Realty
Investment Insights
Based on property information with market context.
This luxury fourplex is located in a busy area of Edinburg, near UTRGV. The property contains two units with two bedrooms and two bathrooms each, and two units with three bedrooms and two bathrooms each. Tile flooring is installed throughout every unit. Kitchens and bathrooms feature granite countertops. Each unit is equipped with elegant and modern fabric blinds, a stove, a refrigerator, a microwave, and a washer and dryer. Each unit has its own light meter, and there is one water meter for all units. The property also features a sprinkler system for the green areas of the complex. High decorative ceilings and smoke detectors are installed. The property has a size of 4114 square feet and is suitable as an investment property.
Key Highlights
- Luxury 4‑plex in a high‑traffic area of Edinburg near UTRGV
- Includes two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units
- Each unit is fully equipped with stove, refrigerator, microwave, washer, and dryer
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 | $56.8k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $55.2k | $13.42 |
| − OpEx | −$16.6k | −$4.03 |
| NOI | $38.6k | $9.39 |
4,114 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$493.4K
$431.7K – $575.6K
NOI $34,538 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.07M
$934.0K – $1.25M
NOI $74,723 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Luxury fourplex in Edinburg near UTRGV, great investment property.
Where is this quadplex located?
The property is located at 912 N Blair Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Luxury 4‑plex in a high‑traffic area of Edinburg near UTRGV; Includes two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units; Each unit is fully equipped with stove, refrigerator, microwave, washer, and dryer
