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1007 Clarence Avenue, Edinburg, TX 78541

$535,000
: 4,200
SqFt

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List Price: $535,000
Status: ACTIVE
MLS#: 506224
Year Built: 2024
Living Area: 4,200
Lot Size: 9,601
Acres: 0.22
Subdivision: Atwood Village
MLS Area Major: Edinburg

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Property Description

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.

(512) 596-9111

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Additional Information

Amenities: Gated, Sidewalks, Street Lights
Interior Features: Ceiling Fan(s), Microwave, Walk-In Closet(s)
Exterior Features: Sprinkler System
Taxes: $9,462
HOA Fee: $500
HOA Frequency: Annually
Appliances: Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Heating: Central
Air Conditioning: Central Air
Stories: 1
Foundation: Slab
Parking Features: Garage Faces Rear
School District: Edinburg ISD
Elementary School: Flores
Middle School: Longoria
High School: Edinburg North H.S.