5206 Murillo St Edinburg, TX 78542

Property Details for 5206 Murillo St

Year built

2019

Property type

Residential income homes

Description

This exceptional four-unit multifamily property in Edinburg, Texas, presents a compelling investment opportunity. Built in 2019, this Class A property boasts 100% occupancy and a current NOI of $37,000, translating to a 6% cap rate. However, a pro-forma NOI of $47,100 projects an 8% cap rate, reflecting significant upside potential. The asking price is $625,000, with a price per square foot of $156,250. Each unit features convenient amenities including keypad entry with monitored security cameras, covered parking for two cars, high-speed internet access via Unifi WiFi points and an outdoor mesh system, and benefits from beautifully landscaped grounds maintained by a six-zone sprinkler system. Furthermore, the property includes a designated area for the potential construction of an additional four units, offering substantial long-term growth prospects. An assumable loan is available at a 3% interest rate on the remaining balance, providing an attractive financing option for the buyer. This turnkey investment is ideally situated in Hidalgo County, Texas, at 5206 Murillo St, zip code 78542. The property's strong performance, combined with its expansion potential and favorable financing terms, makes it an attractive addition to any investment portfolio.