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Phillip Veale

phillipveale@gmail.com +1956678626

Listed by BIG Realty

$ 535,000

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New

1007 Clarence AVE Edinburg, TX 78541

4,200 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Subdivision Atwood Village

MLS Listing ID 506224

HOA Fees $500/ann

HOA Y/N Yes

Year Built 2024

Annual Tax Amount $9,462

Tax Year 2025

Lot Size 9,601 Sqft

Acres 0.2204

Property Sub-Type Quadruplex

Source Greater McAllen

Property Description

This investor's dream in Border Trace, Edinburg delivers a projected 7.6% cap rate, owner financing available, and comes fully leased with a 90% historical occupancy rate. Just 8 minutes from UTRGV, this income-producing property sits in one of the Rio Grande Valley's most reliable rental corridors with steady demand from students, faculty, and medical professionals. The property offers a 3-bedroom/2-bath unit and a 2-bedroom/2-bath unit, making it attractive to a diverse renter pool and reducing vacancy risk across tenant turnover cycles. Its location near Expressway 83, UTRGV, Edinburg CCISD schools, medical facilities along US-281, keeps it competitive in the rental market year-round. The privacy-fenced backyard with mature oak trees and dedicated storage adds outdoor appeal that supports long-term tenant retention. With owner financing on the table, a proven occupancy track record, and dual-unit flexibility, this property is built to generate consistent cash flow from day one.

Location

State TX

County Hidalgo

Community Gated, Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s), Microwave, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile

Appliance Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer

Laundry Laundry Closet, Washer/Dryer Connection

Exterior

Exterior Feature Sprinkler System

Carport Spaces 8

Fence Wood

Community Features Gated, Sidewalks, Street Lights

Utilities Available Cable Available

View Y/N No

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Alley, Sidewalks, Sprinkler System

Faces https://maps.app.goo.gl/9qMQXSFv2gQPiNBEA

Story 1

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Stone,Stucco

New Construction No

Schools

Elementary Schools Flores

Middle Schools Longoria

High Schools Edinburg North H.S.

Others

Tax ID A635000000005000