Each unit is separately metered for water, electricity, and natural gas, keeping utility management simple. The hot water heater and stove run on natural gas, significantly reducing electricity costs. While units will require some updates, they present an excellent value-add opportunity for investors. Currently, two units are occupied by Section 8 tenants, with reimbursement set at the 1-bedroom, 1-bath rate. Note that none of the units include central heating and air, and all window units belong to the tenants. With strong rental demand in this prime location, this property offers great potential for steady cash flow and future appreciation. Don't miss out on this investment opportunity!
For sale
$312,500
402 E Mahl St, Edinburg, TX 78539
8beds
4baths
2,976sqft
Est.:
Quadruplex, Multi Family
Built in 1982
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
- 79 days
- on Zillow |
- 154 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: March 20, 2025 at 11:24am
Listed by:
Sameer Suresh 956-225-7062,
Imperio Real Estate Llc
Source: Greater McAllen AOR,MLS#: 464116
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- None
Cooling
- None
Appliances
- Included: Gas Water Heater, Refrigerator, Stove/Range
- Laundry: Laundry Area, Washer/Dryer Connection
Features
- Ceiling Fan(s)
- Flooring: Vinyl
Interior area
- Total structure area: 2,976
- Total interior livable area: 2,976 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Carport
- Garage spaces: 4
Features
- Exterior features: None
- Fencing: Chain Link
Lot
- Size: 10,650.42 Square Feet
Details
- Additional structures: Outbuilding (None)
- Parcel number: E330000294000100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Other
Condition
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: None
- Subdivision: Edinburg Original Townsite
HOA
- Has HOA: No
Location
- Region: Edinburg
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $241,639
- Annual tax amount: $3,584
- Date on market: 3/7/2025
- Road surface type: Paved
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