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.
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
Based on information from the McAllen Association of REALTORS® (alternatively, from GMAR) as of {{last updated}}. GMAR does not guarantee or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the GMAR MLS may not reflect all real estate activity in the market.
Edcouch is located in Texas. Edcouch, Texas has a population of 2,786. Edcouch is less family-centric than the surrounding county with 26.69% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Edcouch, Texas is $38,019. The median household income for the surrounding county is $44,666 compared to the national median of $69,021. The median age of people living in Edcouch is 39.2 years.
The average high temperature in July is 95.9 degrees, with an average low temperature in January of 48.7 degrees. The average rainfall is approximately 24.6 inches per year, with 0.1 inches of snow per year.
