For Sale
$625,000

5206 Murillo StEdinburg, TX 78542

High-Yield Texas Multifamily Property

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Exceptional investment opportunity: Newly constructed (within the last 5 years) fourplex with below-market rents offering immediate upside potential through lease increases.
  • Development potential: Zoned for an additional four units.
  • Assumable loan available at 3% interest.
  • Secure keypad entry with monitored cameras.
  • Two-car covered parking per unit.
  • High-speed internet with Unifi WiFi access points in each unit and outdoor mesh system.

Property Details for 5206 Murillo St

Property type
Residential income homes
Class
A
Year Built
2019
Buildings
1
Stories
1
Units
4

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.2561799
Longitude
-98.1119903
5206 Murillo St, Edinburg, Texas

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5206 Murillo St
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