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eReal Estate Depot
412 & 408 Gastel Circle, Edinburg, TX 78539
- $1,200,000
- 3,879
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 510242
- Year Built
- 2023
- Living Area
- 3,879
- Lot Size
- 11,124
- Acres
- 0.26
- Subdivision
- University Terrace
- MLS Area Major
- Edinburg
Property Description
Two adjacent fourplexes being sold together at 408 & 412 Gastel Circle, Edinburg, TX, offering a rare chance to acquire an 8-unit income-producing property in a high-demand rental area. Currently operating at an approximately 8.4% cap rate, this investment provides strong cash flow and long-term upside. 412 Gastel Circle is fully occupied, while 408 Gastel Circle has one vacant unit, making it easy to schedule showings without disrupting tenants. The property's convenient location offers easy access to UTRGV, shopping, dining, and major roadways, making it highly attractive to tenants and supporting consistent rental demand. Whether you're looking to expand your portfolio or secure a turnkey income-producing investment, these properties offer the ideal combination of quality, location, and income potential. Possible owner financing available with a strong down payment.
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Additional Information
- Taxes
- $4,717
- HOA Frequency
- Annually
- Appliances
- Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 1
- Parking Features
- Covered
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Listing courtesy of Candice Clayton with Winners Circle