1007 Clarence Avenue, Edinburg, TX 78541
- $535,000
- 4,200
- SqFt
- List Price
- $535,000
- Status
- ACTIVE
- MLS#
- 506224
- Living Area
- 4,200
- Lot Size (Acres)
- 0.2204
- Year Built
- 2024
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.
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Additional Information
- Area
- Edinburg
- Subdivision
- Atwood Village
- Taxes
- $9,462
- HOA Fee
- $500
- Stories
- 1
- Interior Features
- Ceiling Fan(s), Microwave, Walk-In Closet(s)
- Amenities
- Gated, Sidewalks, Street Lights
- Exterior Features
- Sprinkler System
- Heating
- Central
- Cooling
- Central Air
- Utilities
- Cable Available
- Sewer
- City Sewer
- School District
- Edinburg ISD
- Elementary School
- Flores
- Middle School
- Longoria
- High School
- Edinburg North H.S.
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Listing courtesy of Victor Fuentes with Big Realty