Reserve 8.4% CAP Fourplex Close to: Golf Course Hwy 281, Wal-Mart in Edinburg TX

[Irene Uribe]

We present a unique opportunity to invest in a high-end fourplex in Edinburg Texas, featuring four luxurious 3-bedroom, 2-bathroom units. Over 4,200 square feet of refined living space, with elegant tile floors, luxury lighting, and a perfect mix of showers and tubs. Private patios equipped with sprinkler systems enhance the living experience. With comparable properties projecting rental income at $1,350 per unit with water and trash services are included, this property offers excellent returns. Additional amenities include individual electric meters for each unit, covered parking for 6 to 8 vehicles, and two assigned parking spaces per unit. Located off Canton, this property boasts an impressive 8.4% projected CAP rate. Conveniently located blocks away from Expressway 281 and Wal Mart Super Center, UTRGV Stadium and in front of Los Lagos Golf Course. Don't miss this exceptional opportunity to secure a premium rental income asset. Construction starts Sept 2024, hold this unit with only $5k escrow! Price: $539,500.00 FHA, VA, CONVENTIONAL, CASH or DSCR financing welcome.

Construction commences Sept 2024 and should be finished by February 2025. Builder will start soon! Buyer can close when the property is ready! No need to get a construction loan! We do need a pre-qualification letter and escrow with title company. Units include: Stainless steel stove, refrigerator, and micro-hood included from Home Depot with no extended warranties only manufacturer. Washer and Dryers are from a local vendor with labor and parts warranty for 1 year paid by the seller! Structural warranties and plumbing, AC and water heater systems by builder also on the first year except if is due to lack of maintenance, abuse, accidents, weather related events. Photos presented are from other buildings built by the same builder. 

Direct buyers and Real Estate Brokers are welcome!