About 1007 Clarence Avenue
This investor's dream in Border Trace, Edinburg delivers a projected 7.6% cap rate, owner financing available, and comes fully leased with a 90% historical occupancy rate. Just 8 minutes from UTRGV, this income-producing property sits in one of the Rio Grande Valley's most reliable rental corridors with steady demand from students, faculty, and medical professionals. The property offers a 3-bedroom/2-bath unit and a 2-bedroom/2-bath unit, making it attractive to a diverse renter pool and reducing vacancy risk across tenant turnover cycles. Its location near Expressway 83, UTRGV, Edinburg CCISD schools, medical facilities along US-281, keeps it competitive in the rental market year-round. The privacy-fenced backyard with mature oak trees and dedicated storage adds outdoor appeal that supports long-term tenant retention. With owner financing on the table, a proven occupancy track record, and dual-unit flexibility, this property is built to generate consistent cash flow from day one.
Features of 1007 Clarence Avenue
| MLS® # | 506224 |
|---|---|
| Price | $535,000 |
| Square Footage | 4,200 |
| Acres | 0.22 |
| Year Built | 2024 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1007 Clarence Avenue |
|---|---|
| Subdivision | Atwood Village |
| City | Edinburg |
| County | Hidalgo |
| State | TX |
| Zip Code | 78541 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 8 |
| Parking | Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | Laundry Closet, Washer/Dryer Connection |
| Community Amenities | Gated, Sidewalks, Street Lights |
Interior
| Interior Features | Ceiling Fan(s), Microwave, Walk-In Closet(s) |
|---|---|
| Appliances | Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer |
| Heating | Central |
| Cooling | Central Air |
| Total # of Units | 4 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Lot Description | Alley, Sidewalks, Sprinkler System |
| Windows | Energy Features (Double Pane Windows) |
| Roof | Shingle |
| Construction | Stone, Stucco |
| Foundation | Slab |
School Information
| District | Edinburg ISD |
|---|---|
| Elementary | Flores |
| Middle | Longoria |
| High | Edinburg North H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| HOA Fees | $500 |
| HOA Fees Freq. | Annually |
| Gross Income | $4,600 |
| HOA Association | Yes |
Listing Details
| Agent | Victor Fuentes |
|---|---|
| Office | BIG Realty |
| Contact Info | 956-432-1351 |