Edinburg Fourplex Investment
For Sale
Contact for pricing
2109 Carlos Drive, Edinburg, TX 78541
Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Property Size3,808 SF
Price / SF$101.83
Days on Market798
Property Features for 2109 Carlos Drive
General Information
Standard status
Active
Size
3,808 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2006
Buildings
2
Units
4
Listing Agency:
Icon Realty STX
Listed By:
Christopher Garcia
Source:
Crexi
Added: Aug 13, 2024
Changed: Oct 5
Last Checked: Oct 16 at 7:08AM
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
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.
Located in Edinburg, Texas, this fourplex presents an investment opportunity. The property contains four units, each featuring 2 bedrooms and 2 full bathrooms. The property has been freshly painted inside and out. The fourplex is situated in a neighborhood with proximity to schools, shopping centers, dining options, and major highways. All units are currently occupied. The property size is 3808 square feet.
Key Highlights
- Excellent return on investment potential as a well‑maintained fourplex.
- Located in a highly sought‑after area of Edinburg, Texas.
- All four units are currently occupied, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,969
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,380
$639.4K
Cap Rate 7%
$456,700
$456.7K
Cap Rate 9%
$355,211
$355.2K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$59.9K $15.72/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$58.1K $15.26/SF
− OpEx
−$26.2K −$6.87/SF
NOI
$32.0K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,380
Cap Rate 7%
$456,700
Cap Rate 9%
$355,211
Alternative Uses
Best Use
Multifamily LT 5
$511.1K
$447.2K – $596.2K
NOI $35,774 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$988.1K
$864.6K – $1.15M
NOI $69,165 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Where is this quadplex located?
The property is located at 2109 Carlos Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $387,750.
What are key features of this property?
This property features: Excellent return on investment potential as a well‑maintained fourplex.; Located in a highly sought‑after area of Edinburg, Texas.; All four units are currently occupied, providing immediate income.
