Edcouch, Texas
624 Santa Rosa Avenue
Edcouch, TX 78538
$1,250,000
- Beds
- N/A
- Baths
- N/A
- Square feet
- 12,600
- Lot
- 0.86 acres
- Year built
- 1985
- Type
- Multi-family
- Status
- For Sale
- MLS #
- 510163
Mortgage estimate
$8,812/ month
20% down, 30 years, 6.5% rate. Includes estimated taxes and insurance.
Adjust the estimateEstimates only, not a loan offer. Actual taxes, insurance, financing and closing costs vary.
About this home
Positioned on a highly visible main road, this 18-unit multifamily asset offers investors the rare combination of newer construction, strong occupancy, and immediate income potential. Currently operating at over 85% occupancy, the property consists of 10 three-bedroom, 5 two-bedroom and 3 one-bedroom units with a projected average rent of $750 per unit, producing an estimated $162,000 in annual gross rental income at stabilization. This asset offers the advantage of lower capital expenditure requirements and minimal deferred maintenance. At an asking price of $1,250,000, the property delivers a 12.96% gross rental yield. Assuming typical operating expenses of approximately 35%, the estimated Net Operating Income (NOI) is approximately $105,300, translating to an estimated cap rate of 8.42%. This is the type of return sophisticated investors actively pursue—stable income, efficient operations, and long-term appreciation potential in a growing market.
Features
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