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    3308 Whetstone Ave Edinburg, TX 78542

    For Sale
    $530,000

    Fourplex, Prime Location, High Demand

    Property size:
    3,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a brand-new, gated fourplex located at 3308 Whetstone Avenue, Edinburg, Texas, 78542. The property boasts a total of four units, two with three bedrooms and two with two bedrooms, all featuring modern, open-concept floor plans and high-end finishes. Built in 2024, this 3,860 square foot property sits on a 10,213.94 square foot lot and comprises two buildings. Its convenient location near Highway 107 and Ware Road offers easy access to the University of Texas Rio Grande Valley (UTRGV), Texas A&M in McAllen, IDEA Public Schools, and numerous parks, shopping centers, and restaurants. This prime location ensures strong rental demand and low vacancy rates. The property's design and features are geared towards attracting a diverse tenant base, maximizing rental income potential. The gated community adds an extra layer of security and appeal. This low-maintenance property represents a compelling investment opportunity in the thriving Edinburg market. Estimated completion date is the end of December.

    Property Features for 3308 Whetstone Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,860 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1120116
    Latitude
    26.3546817

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, Prime Location, High Demand
    Where is this multifamily property located?
    The property is located at 3308 Whetstone Ave Edinburg, TX.
    What is the asking price?
    The asking price for this property is $530,000.
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    3308 Whetstone Ave Edinburg, TX 78542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3308 Whetstone Ave Edinburg, TX 78542
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