2109 Taxco Ct 4 Unit Apartment Building $450,000 ($112,500/Unit) 7% Cap Rate Edinburg, TX 78542
INVESTMENT HIGHLIGHTS
- Gated Multi-Family Subdivision, near Shopping, dining, entertainment, parks, and more.
- Fully Occupied
- Recently Built
EXECUTIVE SUMMARY
Discover this prime investment opportunity: a recently built (2018) four-plex in a desirable gated community. The property features two 1-bedroom apartments and two 2-bedroom apartments, each equipped with modern kitchen appliances, plus a washer and dryer. Tenants are responsible for their own utilities, ensuring minimal landlord expenses. Situated in a prime location near shopping, dining, entertainment, parks, and more, this property offers unbeatable convenience for residents. Whether you're looking to expand your portfolio or start investing, this well-maintained property is a must-see. Don't miss out on this rare gem! **Note: 2106 Taxco Ct, another four-plex in this same subdivision, is also available for sale.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$44,400
|
$12.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,400
|
$12.79
|
| Taxes |
$9,500
|
$2.74
|
| Operating Expenses |
$200
|
$0.06
|
| Total Expenses |
$9,700
|
$2.79
|
| Net Operating Income |
$34,700
|
$9.99
|
PROPERTY FACTS
| Price | $450,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 3,472 SF |
| Average Occupancy | 25% |
| No. Stories | 1 |
| Year Built | 2018 |
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Dining Room
- Double Pane Windows
- Island Kitchen
SITE AMENITIES
- Controlled Access
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $875.00 | 697 |
| 2+2 | 2 | $975.00 | 733 |
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