1612 Tampa Street Edinburg, TX 78541
Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Property Features for 1612 Tampa Street
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing office Icon Realty STX
Listing date Aug 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 Icon Realty STX
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent return on investment as a well‑maintained fourplex.
- All four units are currently occupied, providing immediate income.
- Each unit features 2 bedrooms and 2 full bathrooms, appealing to tenants.
Local Financial Insights For Apartment 5plus
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 | $64.3k | $15.72 |
| − Vacancy | −$1.9k | −$0.46 |
| EGI | $62.4k | $15.26 |
| − OpEx | −$28.1k | −$6.87 |
| NOI | $34.3k | $8.40 |
