2802 Primrose Avenue

Edinburg, TX 78541

$499,000

Beds: N/A
Baths: N/A
Square feet: 4,200
Lot: 0.26 acres
Year built: 2020
Type: Multi-family
Status: For Sale
MLS #: 514797

Mortgage estimate

$3,638/ month

20% down, 30 years, 6.5% rate. Includes estimated taxes and insurance.

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Estimates only, not a loan offer. Actual taxes, insurance, financing and closing costs vary.

About this home

Prime Edinburg investment opportunity just minutes from UTRGV and the city’s most popular shopping, dining, medical, and entertainment destinations! Built in 2020, this well-positioned fourplex offers approximately 4,200 square feet with two spacious 3-bedroom/2-bath units and two 2-bedroom/2-bath units. Current rents generate $4,065 per month and $48,780 annually, with an estimated NOI of $34,737—delivering an attractive 6.96% cap rate at the $499,000 asking price. A strong addition to any investor’s portfolio with excellent rental appeal and long-term growth potential. There is also plenty of room to increase the rents and the price is still negotiable !

Features

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