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$300,000

2712 E University Dr, Edinburg, TX, 78542

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,958 Sq Ft
price_per_sqft$240.04 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size9,500 sqft

Building Information

Year Built1970
Stories1
Roof Type105

Land Information

APNG3300-00-003-0003-00
Lot Number3
SubdivisionGernentz - Seb
Land UseResidential
Legal DescriptionGERNENTZ LOT 3 BLK 3
Census Tract023700
Assessed Land Value$66,500
Assessed Improvement Value$69,105
Assessment Year2025

About this property

Prime commercial opportunity on a high-visibility corner along University Drive! Positioned along a heavily traveled thoroughfare, this property benefits from consistent traffic and excellent exposure, making it an attractive location for a variety of business ventures. Previously utilized as a parking and vehicle display lot, the fenced property offers flexibility for future commercial use. An existing rental home located toward the rear adds an additional investment opportunity. With utilities in place and a strategic location in a growing commercial corridor, this property presents an excellent opportunity for business owners and investors alike. Explore the potential this corner property has to offer!

Investor Tools

$69,638Estimated Mortgage Balance
$115,996Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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JPAR North Metro

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,800
$135,605
2025
$66,500
$69,105
$135,605
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,800
$135,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Adelante Funding I Ltd
Purchase Money Mortgage
$75,000
No
First
Jun 29, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,638
$65,967
48%
38%
$450/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,141/mo
$450/mo
+$691/mo
7.4%

City: Edinburg

2712 E University Dr | Property Details | No Agent List