1121 N 4th Edinburg Tx
15-Unit Value-Add Multifamily Investment | 1121 N 4th St, Edinburg, TX
Marketing description
15-Unit Value-Add Multifamily Investment | 1121 N 4th St, Edinburg, TX
Positioned in one of the fastest-growing submarkets in South Texas, this 15-unit multifamily asset presents a compelling value-add opportunity with immediate cash flow and clear upside execution. Located just blocks from the University of Texas Rio Grande Valley (35,000+ students and faculty), the property benefits from consistent rental demand driven by education, healthcare, and cross-border economic activity .
Built in 2004 and comprised entirely of 2-bedroom / 2-bath units, the asset is currently operating at approximately 80% occupancy, offering investors the ability to stabilize operations while capturing significant revenue growth through rent normalization.
Investment highlights
In-place income: ~$116K NOI with consistent monthly cash flow (~$9.7K/month)
Below-market rents: Current avg. ~$725 vs. ~$900–$1,100 comps (≈24% gap)
Proven demand driver: Proximity to UTRGV and major employment sectors
Operational inefficiencies: Opportunity to improve collections, implement RUBS, and optimize expenses
Value-Add Strategy
Execution is straightforward and low-risk:
- Rent normalization: +$200–$250/unit/month potential
- Interior upgrades: ~$5K/unit to drive premium rents
- Expense reduction: Tax protest + operational efficiencies
- Utility recapture: RUBS implementation to increase NOI
This strategy supports a projected NOI expansion and yield compression, driving meaningful equity creation.
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