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Phillip Veale

phillipveale@gmail.com +1956678626

Listed by WINNERS CIRCLE

$ 1,250,000

Save

New

624 W Santa Rosa AVE Edcouch, TX 78538

12,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,600 sqft

Subdivision Edcouch Original Townsite

MLS Listing ID 510163

HOA Y/N No

Year Built 1985

Annual Tax Amount $23,000

Tax Year 2023

Lot Size 0.860 Acres

Acres 0.86

Property Sub-Type Multi Family

Source Greater McAllen

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.

Location

State TX

County Hidalgo

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile

Appliance Water Heater (In Attic), Refrigerator, Stove/Range-Electric Smooth

Laundry None

Exterior

Exterior Feature None

Fence None

Community Features None

View Y/N No

Roof Type Composition Shingle

Garage No

Building

Lot Description Corner Lot, Mature Trees

Faces From 281 - Exit East on University/107, complex is on right hand side in Edcouch From 83 - Exit North on Intl Blvd in Weslaco, take a left on 107 in Edcouch, complex is on left hand side

Story 2

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Stucco

New Construction No

Schools

Elementary Schools Adame

Middle Schools Adams

High Schools Agua Dulce H.S.

Others

Tax ID 163706

Security Features Smoke Detector(s)