Multi-Family•Low-Rise/Garden•For Sale

Stone Ridge Elsa 6 Units

440 W David Ybarra St, Edcouch-Elsa, Texas 78538

Sale Price $325,000
Sale Type Investment
Zoning Commercial
Bldg Type Multi-Tenant
Year Built 2006
Stories 2
Cap Rate 6.45%
Annual Taxes $6,069.00
Gross Bldg 4,700 SqFt
Land Area .19 Acres
Project Size 6
Net Op Inc $20,958
Market Rio Grande Valley
Sub-Market Edcouch-Elsa
Stone Ridge Elsa is a six-plex that was built in 2006 and is still in excellent condition. It commands approximately $38,640 of gross scheduled rent, houses 4,700 inhabitable SF, and is directly across from the city of Elsa's elementary school. There are 4 2/1s that average 900 SF each, and two 2/1s that average 550 SF each. Because the small size and good condition of the property, this is a perfect deal for someone trying to break into multifamily investing. Standing in the heart of Elsa, this six-plex sits across Austin Street from John F. Kennedy Elementary School. The units are just under a mile away from Edinburg Avenue, the main thoroughfare connecting the upper Rio Grande Valley.
  • 4 x 2/1s ($575/month)
  • 2 x 1/1s ($460/month)
  • Great condition
  • John F. Kennedy Elementary School right across the street
5/17/2019 5:05:38 PM 5/17/2019 5:05:38 PM

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