About 2516 Jeffery Drive
An Excellent Investment Opportunity! One unit B Vacant, POSSIBLE owner cccupied buyer! This well-maintained multifamily property presents a solid investment opportunity with several recent improvements and stable cash flow. It features four units, each with appliances (several recently replaced). All units are tiled and include coffered ceilings. Most units also include washers and dryers, with laundry hookups available in all. Currently, 3 active leases are in place: 2 units at $675/month and one at $625/month, with clear potential for rental increases to align with market rates. Major capital improvements have already been completed, including: - New roof installed in 2020 - Septic system for Units C and D replaced in 2025 - New HVAC system for Unit D installed in 2024 - Water heaters replaced in most units within the last 1–3 years - As well as several new appliances, new ceiling fans, fresh paint in three units within the last couple of years, and many more improvements.
Features of 2516 Jeffery Drive
| MLS® # | 481566 |
|---|---|
| Price | $299,000 |
| Square Footage | 3,417 |
| Acres | 0.52 |
| Year Built | 2005 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 2516 Jeffery Drive |
|---|---|
| Subdivision | Sevilla |
| City | Edinburg |
| County | Hidalgo |
| State | TX |
| Zip Code | 78542 |
Amenities
| Parking | No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet |
| Community Amenities | Sidewalks, Street Lights |
Interior
| Interior Features | Ceiling Fan(s), Decorative/High Ceilings, Walk-In Closet(s) |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 4 |
| # of Buildings | 1 |
Exterior
| Exterior Features | Mature Trees |
|---|---|
| Lot Description | Sidewalks |
| Roof | Composition Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Donna ISD |
|---|---|
| Elementary | Singleterry |
| Middle | Sauceda |
| High | Donna North H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Property Insurance | $1,200 |
| Gross Income | $33,600 |
| HOA Association | No |
Listing Details
| Agent | Miguel Vargas |
|---|---|
| Office | TNT Real Estate |
| Contact Info | 956-560-8245 |