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$499,000

2802 Primrose, Edinburg, TX, 78541

On MarketInfo
Beds2 Beds
Baths8 Bath
Baths4,200 Sq Ft
QuadruplexQuadruplex
price_per_sqft$118.81 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

BankruptcyAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 8Bathrooms Full 8
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size11,199 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces4

Land Information

APNM2560-00-000-0026-00
Lot Number26
SubdivisionMccoll Manor - Seb
Land UseResidential
Legal DescriptionMCCOLL MANOR LOT 26
Census Tract024004
Assessed Land Value$109,200
Assessed Improvement Value$351,198
Assessment Year2025

About this property

Prime Edinburg investment opportunity just minutes from UTRGV and the city’s most popular shopping, dining, medical, and entertainment destinations! Built in 2020, this well-positioned fourplex offers approximately 4,200 square feet with two spacious 3-bedroom/2-bath units and two 2-bedroom/2-bath units. Current rents generate $4,065 per month and $48,780 annually, with an estimated NOI of $34,737—delivering an attractive 6.96% cap rate at the $499,000 asking price. A strong addition to any investor’s portfolio with excellent rental appeal and long-term growth potential. There is also plenty of room to increase the rents and the price is still negotiable !

Investor Tools

$372,194Estimated Mortgage Balance
$91,523Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,996
$460,398
2025
$109,200
$351,198
$460,398
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,996
$460,398

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Oaktree Funding Corp
Conventional
$398,000
No
First
Oct 21, 2022
Nov 2062

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,194
$88,204
19%
81%
$2,387/mo

City: Edinburg

2802 Primrose | Property Details | No Agent List