About 624 W Santa Rosa Avenue
Positioned on a highly visible main road, this 18-unit multifamily asset offers investors the rare combination of newer construction, strong occupancy, and immediate income potential. Currently operating at over 85% occupancy, the property consists of 10 three-bedroom, 5 two-bedroom and 3 one-bedroom units with a projected average rent of $750 per unit, producing an estimated $162,000 in annual gross rental income at stabilization. This asset offers the advantage of lower capital expenditure requirements and minimal deferred maintenance. At an asking price of $1,250,000, the property delivers a 12.96% gross rental yield. Assuming typical operating expenses of approximately 35%, the estimated Net Operating Income (NOI) is approximately $105,300, translating to an estimated cap rate of 8.42%. This is the type of return sophisticated investors actively pursue—stable income, efficient operations, and long-term appreciation potential in a growing market.
Features of 624 W Santa Rosa Avenue
| MLS® # | 510163 |
|---|---|
| Price | $1,250,000 |
| Square Footage | 12,600 |
| Acres | 0.86 |
| Year Built | 1985 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 624 W Santa Rosa Avenue |
|---|---|
| Subdivision | Edcouch Original Townsite |
| City | Edcouch |
| County | Hidalgo |
| State | TX |
| Zip Code | 78538 |
Amenities
| Parking | No Carport, No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | None |
| Community Amenities | None |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Water Heater (In Attic), Refrigerator, Stove/Range-Electric Smooth |
| Heating | Central, Electric |
| Cooling | Central Air, Electric |
| Total # of Units | 18 |
| # of Buildings | 1 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot, Mature Trees |
| Roof | Composition Shingle |
| Construction | Stucco |
| Foundation | Slab |
School Information
| District | Edcouch-Elsa ISD |
|---|---|
| Elementary | Adame |
| Middle | Adams |
| High | Agua Dulce H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Annual Tax | $23,000 |
| Property Insurance | $3,500 |
| Gross Income | $162,000 |
| HOA Association | No |
Listing Details
| Agent | Avinaash Nash Buxani |
|---|---|
| Office | WINNERS CIRCLE |
| Contact Info | 956-949-9337 |