Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

1802 N Sugar Rd 4 Unit Apartment Building $697,600 CAD ($174,400 CAD/Unit) 7% Cap Rate Edinburg, TX 78541

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Brand new construction quadplexes available.
  • Coffered ceiling in living room.
  • High-end finishes throughout units.
  • Stainless steel appliances and quartz countertops in kitchen.

EXECUTIVE SUMMARY

New Construction fourplexes for sale in new gated multifamily community in Edinburg, TX . Fourplexes built 2024/2025. All Fourplexes in subdivision have a modern uniform facade. Some fourplex have front units being 2bedroom/2bath and back units being 3bedroom/2bath and some Fourplexes are all 3bed/2 bath units. Units have a modern open concept floorplan with wood like tile throughout (no carpet). Kitchen custom cabinets, large island with quartz countertops.Spacious bedrooms with large closets. Master bedroom has a bathroom with tiled shower with glass door and spacious closet.All units have their own private fenced backyard. Stainless steel refrigerators, stoves, microwaves included as well as washer and dryer. 8 Carport Designated Spaces per fourplex. Great Investment Opportunity, Fully Leased, Immediate Cash Flow!
We have 2 models of Fourplexes available:
Mixed Model (2 units (2bed/2bath) , 2 units (3bed/2bath) ) - $500,000 each four-plex and $510,000 (bigger sqfootage) each four-plex
Buildings can be sold as a bulk or individually.
Some Fourplexes have white cabinets/gray cabinets/ brown cabinets. Some finishes may vary*
If you have any questions, please feel free to contact me via text, call, email.
LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $70,318 $17.36
Other Income - -
Vacancy Loss - -
Effective Gross Income $70,318 $17.36
Taxes $13,743 $3.39
Operating Expenses $6,906 $1.71
Total Expenses $20,649 $5.10
Net Operating Income $49,669 $12.26

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual $70,318
Annual Per SF $17.36
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $70,318
Annual Per SF $17.36
Taxes (CAD)
Annual $13,743
Annual Per SF $3.39
Operating Expenses (CAD)
Annual $6,906
Annual Per SF $1.71
Total Expenses (CAD)
Annual $20,649
Annual Per SF $5.10
Net Operating Income (CAD)
Annual $49,669
Annual Per SF $12.26

PROPERTY FACTS

Price $697,600 CAD
Price Per Unit $174,400 CAD
Sale Type Investment
Cap Rate 7%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.23 AC
Building Size 4,050 SF
Average Occupancy 100%
No. Stories 1
Year Built 2024
Parking Ratio 1.98/1,000 SF
Zoning Multi-Family - Multi-Family Subdivision

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Yard
  • Dining Room
  • Double Pane Windows
  • Framed Mirrors
  • Freezer
  • Instant Hot Water
  • Island Kitchen
  • Lawn
  • Pantry
  • Window Coverings

SITE AMENITIES

  • Fenced Lot
  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 2 $1,517 CAD -
3+2 2 $1,657 CAD -
  • Listing ID: 32644603

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 1802 N Sugar Rd, Edinburg, TX 78541

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}