402 E MAHL STREET, EDINBURG, TX 78539
Homes for sale in Edinburg.
Homes for sale in 78539.
402 E Mahl Street
Edinburg, TX 78539
List Price$312,500
Listing #464116
2,976
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
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!
Property Features
Location Information
County
Hidalgo
Directions
From E University & Closner, go south on Closner past E Cano St then turn east onto E Mahl St. The units will be located at the southeast corner of Mahl St and 14th Ave.
Subdivision
Edinburg Original Townsite
Interior Features
Interior
Ceiling Fan(s)
Appliances
Gas Water Heater, Refrigerator, Stove/Range
Cooling
None
Total Number of Units
4
Floors
Vinyl
Features
None
Laundry
Laundry Area, Washer/Dryer Connection
Exterior Features
Construction
Brick
Garage Spaces
4
Foundation
Slab
Parking Spaces
4
Roof
Other
Fencing
Chain Link
Possession
Closing and Funding
Lot Size in Acres
0.244
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
10,649
Water
Public
Buildings
Outbuilding (None)
Parking Description
No Carport
Energy Features
None
Has Garage
Yes
Road Description
Paved
School
Elementary School District
Edinburg ISD
Middle School
Barrientes
Elementary School
Jefferson
High School
Edinburg H.S.
Additional Information
Property Type
RI
Units in Complex
1
Property SubType
Quadruplex
Taxes
3584
Year Built
1982
Tax Year
2018
APN
E330000294000100
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$1,458
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,126
Monthly Tax
$260
Monthly Insurance
$72
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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