Edinburg Fourplex Investment
1610 Orlando Street Edinburg, TX 78541
1610 Orlando Street, Edinburg, TX, 78541
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For Sale
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Well-maintained fourplex in a desirable Edinburg location, fully occupied.
Property Size4,088 SF
Price / SF$101.46
Days on Market705
Property Features for 1610 Orlando Street
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing Agency
Icon Realty STX
Listed by
Christopher Garcia
Source
Crexi
Added: Aug 13, 2024 Checked: Jul 16 at 7:19 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 Icon Realty STX
Investment Insights
Based on property information with market context.
Located in Edinburg, Texas, this fourplex represents a prime investment opportunity. The property features a new roof and fresh paint, both inside and out. Each of the four units includes 2 bedrooms and 2 full bathrooms. The units are currently occupied, providing immediate income. The property is situated in a neighborhood close to schools, shopping centers, dining, and major highways. The building has a property size of 4088 square feet.
Key Highlights
- Immediate income from 100% occupied units.
- Four units, each with 2 bedrooms and 2 full bathrooms.
- New roof and fresh paint inside and out.
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 |
4,088 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.1K – $640.1K
NOI $38,404 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in a desirable Edinburg location, fully occupied.
Where is this quadplex located?
The property is located at 1610 Orlando Street Edinburg, TX.
What is the asking price?
The asking price for this property is $414,750.
What are key features of this property?
This property features: Immediate income from 100% occupied units.; Four units, each with 2 bedrooms and 2 full bathrooms.; New roof and fresh paint inside and out.
