List Price:
$1,200,000
MLS Number:
510242
Property Type:
Commercial Sale
Property Sub Type:
Commercial
Address:
412 & 408 Gastel Circle, Edinburg TX 78539
Street Name:
Gastel
Subdivision:
University Terrace
City:
Edinburg
County:
Hidalgo
Accessibility Features:
Annual Amt SqFt:
Appliances:
Electric Water Heater
Association Fee:
$0
Association Fee Frequency:
Annually
Association YN:
Yes
Availability:
Availability Date:
Base Rent Amount:
Building Area Total:
3879
Building Area Units:
Square Feet
Building Features:
None
Carport Spaces:
8
Carport YN:
Yes
Construction Materials:
Other
Cooling:
Central Air
Cooling YN:
Yes
Covered Spaces:
8
Directions:
FROM UNIVERSITY DRIVE AND JACKSON RD. HEAD EAST, TURN RIGHT ON GASTEL CIRCLE
Door Features:
Electric:
Electric On Property YN:
Existing Lease Type:
Exterior Features:
Flooring:
Tile
Foundation Details:
Frontage Type:
Garage Spaces:
0
Garage YN:
No
Green Energy Efficient:
Other
Grounds:
Landscaped, Sidewalks
Heating:
Central
Heating YN:
Yes
Horse Amenities:
Insurance Expense:
Interior Features:
Landlord:
Lease Amount Period:
12months
Lease Expiration:
Lease Period:
Lease Term:
Approximate SqFt:
3879
Lot Features:
See Remarks
Lot Size Acres:
0.2554
Lot Size Area:
11124.7884
Lot Size SqFt :
11124.7884
Number Of Units In Community:
4
Open Parking YN:
Other Bldg SqFt:
0
Other Equipment:
Other Expense:
Other Structures:
Own Lot YN:
Parking Features:
Covered
Parking Total:
8
Patio And Porch Features:
Patio Slab
Pool Features:
Postal Code:
78539
Public Remarks:
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. Contact the listing agent for additional details on terms.
Repairs YN:
Retail SqFt:
0
Road Frontage Type:
City Street
Road Surface Type:
Roof:
Other
Room Office Area:
0
Security Features:
Security Deposit:
Sewer:
Spa Features:
Special Listing Conditions:
Status:
Active
Street Dir Prefix:
Street Dir Suffix:
Street Number:
412 & 408
Street Suffix:
Circle
Tax Annual Amount:
$4,717
Tax Year:
2025
Unit Number:
Unit SqFt:
Utilities:
Virtual Tour URL Branded:
Virtual Tour URL Unbranded:
Warehouse SqFt:
0
Water Comments:
Water Source:
Waterfront Features:
Waterfront YN:
Window Features:
Year Built:
2023
Zoning:
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