613 Gastel Cir, Edinburg, TX, 78539
35beds
25baths
13,356sqft
$1,747,500
$131price/sqft
$13,851/moest. monthly cost
$554,040/yrincome needed
About This Home
Owner Finance Available!! Prime income-producing opportunity in a high-demand rental market! Gastel Circle Apartments features a strong, stabilized 25-unit layout consisting of eighteen spacious 1BR/1BA units and seven 2BR/1BA units. Meticulously maintained with an excellent tenant history, this portfolio boasts a high current gross monthly income with immediate upside potential, hitting an even higher cap rate upon upcoming renewals. Priced competitively, this asset offers an exceptional entry cap rate for savvy investors looking to add immediate cash flow and long-term equity to their portfolio. Located in a convenient, established neighborhood with robust rental demand, don't miss out on this turnkey multifamily gem!
Getting Around
63
Somewhat Walkable0
Very Limited Transit49
Somewhat BikeableSchools
8/10
8/10
6/10
Construction
Condition
- Year built: 1991
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater,Electric Cooktop
- Laundry features: Laundry Area
Bedrooms & Bathrooms
- Bedrooms: 35
- Bathrooms: 25
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Has Heating (Unspecified Type)
- Cooling features: Central Air
Interior Area
- Total structure area: 13,356
- Total interior livable area: 13,356 sqft
Property
Details
- Parcel number: U200000000003800
Features
- Patio & porch: Patio Slab
- Fencing: None
Lot
- Lot size: 1.28 Acres
- Features: Sidewalks
Parking
- Total spaces: 25
- Parking features: Garage Faces Rear
- Covered spaces: 25
- Carport: Yes
- Carport spaces: 25