624 W Santa Rosa Avenue, Edcouch, TX 78538
- $1,250,000
- 12,600
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 510163
- Living Area
- 12,600
- Lot Size (Acres)
- 0.86
- Year Built
- 1985
Property Description
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.
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Additional Information
- Area
- Edcouch
- Subdivision
- Edcouch Original Townsite
- Taxes
- $23,000
- Tax Year
- 2023
- Stories
- 2
- Interior Features
- Ceiling Fan(s)
- Amenities
- None
- Living Area
- 12,600
- Exterior Features
- None
- Community Features
- None
- Lot Size
- 37,462
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Sewer
- City Sewer
- School District
- Edcouch-Elsa ISD
- Elementary School
- Adame
- Middle School
- Adams
- High School
- Agua Dulce H.S.
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Listing courtesy of Avinaash Nash Buxani with Winners Circle