1802 N Sugar Rd
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1802 N Sugar Rd
4 Unit Apartment Building $2,600,000 ($650,000/Unit) 6.70% Cap Rate Edinburg, TX 78541
Investment Highlights
- Brand new construction quadplexes available.
- Coffered ceiling in living room.
- High-end finishes throughout units.
- Stainless steel appliances and quartz countertops in kitchen.
Executive Summary
New Construction fourplexes for sale in new gated multifamily community in Edinburg, TX . Fourplexes built 2024. All Fourplexes in subdivision have a modern uniform facade. The fourplex have front units being 2bedroom/2bath and back units being 3bedroom/2bath. Units have a modern open concept floorplan with wood like tile throughout (no carpet). Kitchen custom cabinets, large island with quartz countertops.Spacious bedrooms with large closets. Master bedroom has a bathroom with tiled shower with glass door and spacious closet.All units have their own private fenced backyard. The back units will have a grassed backyard and the front units will have a grassed/concrete side yard. Stainless steel refrigerators, stoves, microwaves included as well as washer and dryer. 8 Carport Designated Spaces per fourplex. Great Investment Opportunity, Immediate Cash Flow!
There are 5 Fourplexes available (20 doors) for sale at $520,000 EACH fourplex (4 doors). Buildings can be sold as a bulk or individually.
Some Fourplexes have white cabinets/gray cabinets/ brown cabinets. Some finishes may vary*
If you have any questions, please feel free to contact me!
LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.
There are 5 Fourplexes available (20 doors) for sale at $520,000 EACH fourplex (4 doors). Buildings can be sold as a bulk or individually.
Some Fourplexes have white cabinets/gray cabinets/ brown cabinets. Some finishes may vary*
If you have any questions, please feel free to contact me!
LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$255,000
|
$12.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$255,000
|
$12.59
|
| Taxes |
$60,000
|
$2.96
|
| Operating Expenses |
$22,075
|
$1.09
|
| Total Expenses |
$82,075
|
$4.05
|
| Net Operating Income |
$172,925
|
$8.54
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $255,000 |
| Annual Per SF | $12.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $255,000 |
| Annual Per SF | $12.59 |
| Taxes | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $2.96 |
| Operating Expenses | |
|---|---|
| Annual | $22,075 |
| Annual Per SF | $1.09 |
| Total Expenses | |
|---|---|
| Annual | $82,075 |
| Annual Per SF | $4.05 |
| Net Operating Income | |
|---|---|
| Annual | $172,925 |
| Annual Per SF | $8.54 |
Property Facts
| Price | $2,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $650,000 | Building Class | B |
| Sale Type | Investment | Building Size | 20,250 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Price | $2,600,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Building Size | 20,250 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.98/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Freezer
- Instant Hot Water
- Island Kitchen
- Lawn
- Pantry
- Window Coverings
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,088 | - |
| 3+2 | 2 | $1,188 | - |
PROPERTY TAXES
| Parcel Number | T2100-00-242-0002-09 | Total Assessment | $193,778 (2024) |
| Land Assessment | $193,778 (2024) | Annual Taxes | $60,000 ($2.96/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
T2100-00-242-0002-09
Land Assessment
$193,778 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$193,778 (2024)
Annual Taxes
$60,000 ($2.96/SF)
Tax Year
2023
zoning
| Zoning Code | Multi-Family (Multi-Family Subdivision) |
| Multi-Family (Multi-Family Subdivision) |
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Daniela Perez
1802 N Sugar Rd
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