613 Gastel CIR, Edinburg, TX 78539
613 Gastel CIR, Edinburg, TX 78539
613 Gastel CIR, Edinburg, TX 78539
613 Gastel CIR, Edinburg, TX 78539
613 Gastel CIR, Edinburg, TX 78539
613 Gastel CIR, Edinburg, TX 78539
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Listed by Select Properties
$ 1,747,500

13,356 SqFt


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$ 1,747,500
Save

13,356 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,356 sqft

Subdivision University Terrace

MLS Listing ID 509473

HOA Y/N No

Year Built 1991

Annual Tax Amount $27,467

Tax Year 2025

Lot Size 1.284 Acres

Acres 1.2845

Property Sub-Type Multi Family

Source Greater McAllen

Property Description

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!

Location

State TX

County Hidalgo

Community Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (Other)

Interior

Heating Central

Cooling Central Air

Flooring Tile

Appliance Electric Water Heater, Electric Cooktop

Laundry Laundry Area

Exterior

Carport Spaces 25

Fence None

Community Features Sidewalks, Street Lights

Utilities Available Cable Available

View Y/N No

Roof Type Composition Shingle

Total Parking Spaces 25

Garage No

Building

Lot Description Sidewalks

Faces University Drive and Gastel Circle. Please use your Maps

Story 1

Foundation Slab

Sewer City Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools De La Vina

Middle Schools South Middle School

High Schools Vela H.S.

Others

Tax ID U200000000003800

David J. Zavaletta
David J. Zavaletta

Director of Operations, Managing Partner | License ID: 0650201

+1(956) 300-3477 | david@apirealtor.com

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613 Gastel CIR