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$354,900

1501 Prosperity Dr, Edinburg, TX, 78541

PendingInfo
Beds— Beds
Baths16 Bath
Baths3,808 Sq Ft
QuadruplexQuadruplex
price_per_sqft$93.2 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size9,662 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces5

Land Information

APNQ3070-00-000-0004-00
Lot Number4
SubdivisionQueen's Ridge Estates
Land UseResidential
Legal DescriptionQUEEN'S RIDGE ESTATES LOT 4
Census Tract024003
Assessed Land Value$96,600
Assessed Improvement Value$255,461
Assessment Year2025

About this property

Seller ready to negotiate and open for offers! This fourplex is ideally situated just minutes from the University of Texas Rio Grande Valley (UTRGV), popular restaurants, and shopping offering outstanding convenience. Each of the four units features 2 bedrooms and 2 full bathrooms with tile throughout, with functional layouts designed for comfortable living. Whether you're an experienced investor looking to expand your portfolio or a first-time buyer seeking to offset your mortgage, this property offers versatility. Live in one unit while generating rental income from the remaining three or lease all four units for maximum investment potential. With its desirable location, strong rental appeal, and easy access to major roads and residential neighborhoods this property presents an excellent opportunity for long-term income and appreciation. Don't miss your chance to own a high-demand multifamily property in Edinburg, Texas. A city of growth, great schools and great job opportunities.

Investor Tools

$244,226Estimated Mortgage Balance
$127,684Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$812/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,889
$352,061
2025
$96,600
$255,461
$352,061
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,889
$352,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Fha
$270,019
Yes
First
Apr 9, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,226
$150,774
38%
66%
$1,619/mo

City: Edinburg

1501 Prosperity Dr | Property Details | No Agent List