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$354,000

1308 Prosperity Dr, Edinburg, TX, 78541

$460,200 ARVInfo
On MarketInfo
Beds Beds
Baths16 Bath
Baths7,616 Sq Ft
QuadruplexQuadruplex
price_per_sqft$46.48 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 16Bathrooms Full 16
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size9,601 sqft

Building Information

Year Built2008
Stories1
Roof Type105
Garage Spaces5

Land Information

APNQ3070-00-000-0020-00
Lot Number20
SubdivisionQueen's Ridge Estates
Land UseResidential
Legal DescriptionQUEEN'S RIDGE ESTATES LOT 20
Census Tract024003
Assessed Land Value$96,000
Assessed Improvement Value$342,850
Assessment Year2025

About this property

Fourplex Investment Opportunity – Edinburg, TX PRIME INVESTMENT OPPORTUNITY IN EDINBURG! Add a solid multifamily property to your portfolio with this spacious fourplex featuring four 2-bedroom, 2-bath units and approximately 3,808 square feet of total living area. Each unit offers a functional layout with tile flooring, tile countertops, walk-in closets, appliances, and two covered parking spaces, providing the features tenants are looking for. LOCATION, LOCATION, LOCATION! Conveniently situated near UTRGV, the Hidalgo County Courthouse, hospitals, shopping centers, grocery stores, restaurants, and major roadways, this property is positioned in a high-demand rental area with excellent accessibility. With four income-producing units under one roof, this property is an attractive opportunity for investors looking to generate rental income and build long-term equity in one of the Rio Grande Valley's growing markets.

Investor Tools

$222,699Estimated Mortgage Balance
$217,600Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$460,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,633 /month
Positive
Cash Flow Estimate:
$878 /month

Interested in this property?

Veronica Gonzalez

Badiola Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,661
$438,850
2025
$96,000
$342,850
$438,850
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,661
$438,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A&D Mortgage Llc
Conventional
$231,000
No
First
Apr 5, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,699
$216,151
49%
51%
$1,385/mo

City: Edinburg

1308 Prosperity Dr | Property Details | No Agent List