2616 Fern Avenue

Edinburg, TX 78541

$775,000
Price
Beds
3,966 Sq. Ft.
$195 / Sq. Ft.
3,966
Sq. Ft.
$195
per Sq. Ft.

Description

Exciting new investment alert ?? New Multi-Family Complex in Edinburg, TX! Approx. 7% Cap Rate Open Floor Plan in Every Unit Modern Features: LED lighting, Granite/Quartz Counters, Appliances Spacious Bedrooms & Stylish Bathrooms Prime Location: 5 min to UTRGV, Easy Access to Major Thoroughfares Close to Retailers, Restaurants, and Interstate
Act Now! Call for Details on this High-Potential Investment Opportunity! ?? #RealEstate #Investment #EdinburgTX
Also, here is a link to the virtual tour should
...Exciting new investment alert ?? New Multi-Family Complex in Edinburg, TX! Approx. 7% Cap Rate Open Floor Plan in Every Unit Modern Features: LED lighting, Granite/Quartz Counters, Appliances Spacious Bedrooms & Stylish Bathrooms Prime Location: 5 min to UTRGV, Easy Access to Major Thoroughfares Close to Retailers, Restaurants, and Interstate

Act Now! Call for Details on this High-Potential Investment Opportunity! ?? #RealEstate #Investment #EdinburgTX
Also, here is a link to the virtual tour should you like to see inside spaces: https://my.matterport.com/show/? m=e9HTvHSDHhU
  1. Listed by Israel Esquivel • TREC #801066800 • Exp Realty Llc

Property Details for 2616 Fern Avenue

Community Features
Sidewalks, Street Lights
Subdivision Name
Mccoll Manor

Location

Listing Courtesy of Exp Realty Llc
Add your commute
LISTING UPDATED: 01/02/2024 02:42 PM

Property Details for 2616 Fern Avenue

StatusActive
MLS #423142
Days on Market152
Taxes$2,175 / year
HOA Fees-
Condo/Co-op Fees$4,200 / year
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built2023
Lot Size0.33 AC / 14,400 SF
CountyHidalgo County

Location

Listing Courtesy of Exp Realty Llc
Add your commute

Virtual Tour

Building Information for 2616 Fern Avenue

Stories-Residences8Year Built2023Building Size-Lot Size0.33 AC / 14,400 SF

Payment Calculator

$4,761 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,229

Property Taxes

$181

HOA Dues

$350

The Payment Calculator is for illustrative purposes only.

Property Information for 2616 Fern Avenue

Summary
Location and General Information
  • Directions: From MonteCristo Rd, go south on McColl Rd. As soon as you pass Rogers Rd, to the east side there is Larkspur Ave. Turn east on Larkspur Ave and when you come to the end, turn on Fern Ave. Property will be located on the east side.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 10.0
  • Carport YN: Yes
  • Covered Spaces: 10.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: Garage Faces Rear, Garage Faces Side
  • Parking Total: 10.0
School Information
  • Elementary School: Zavala
  • Elementary School District: Edinburg ISD
  • High School: Edinburg North H.S.
  • High School District: Edinburg ISD
  • Middle Or Junior School: B.L. Garza
  • Middle Or Junior School District: Edinburg ISD
Taxes and HOA
  • Association: No
  • Parcel Number: M256000000003700
  • Tax Annual Amount: $2,175
  • Tax Legal Description: MCCOLL MANOR LOT 37
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Building Area Source: Seller Measured
  • Building Area Total: 3966.0
  • Building Area Units: Square Feet
  • Living Area: 3966.0
  • Living Area Source: Seller Measured
  • Living Area Units: Square Feet
  • Lot Features: Alley, Sidewalks, Sprinkler System
  • Lot Size Acres: 0.3306
  • Lot Size Area: 14400.936
  • Lot Size Square Feet: 14400.936
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 2023
  • Year Built Source: Seller
  • Escrow: $7,500.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 1
  • Sewer: City Sewer
  • Utilities: Cable Available
Green Features
  • Green Energy Efficient: Other, Thermostat
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sprinkler System
  • Fencing: None
  • Pool: No
  • Number Of Buildings: 4
  • Construction Materials: Stucco
  • Other Structures: Outbuilding (None)
  • Roof: Composition Shingle
Interior Features
  • Appliances: Electric Water Heater, Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Cooling: Central Air, Electric
  • Cooling YN: Yes
  • Flooring: Porcelain Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Built-in Features, Ceiling Fan(s), Dryer, Other, Walk-In Closet(s), Washer
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $78,000.00
  • Insurance Expense: $.00
  • Maintenance Expense: $4,200.00
Multi-Family Information
  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Other Expense: $.00

Property History for 2616 Fern Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2616 Fern Avenue

Taxable ValueLand$140,400Additions-Total$140,400
Tax Record2022$3,656 ($305 / month)
Home Facts
Beds0Lot Size14,401 SqFtStyleMiscellaneous Vacant LandCountyHIDALGOAPNM2560-00-000-0037-00

Schools near 2616 Fern Avenue

This home is within Edinburg Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 9
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Zavala Elementary School
PublicPK to 5

B L Garza Middle School
Public6 to 9

Edinburg North High School
Public9 to 12

Vision Academy Of Excellence
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2616 Fern Avenue is a multi-family home for sale in Edinburg, TX 78541. This property was listed for sale on January 2, 2024 by Exp Realty Llc, it's currently listed at $775,000. This listing's school district is Edinburg Consolidated Independent School District. Nearby schools include Zavala Elementary School, B L Garza Middle School and Edinburg North High School. 2616 Fern Avenue is a 0-bed, 0-bath, 3,966 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exp Realty Llc

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.