2018 Summerland Lane, Edinburg, TX
$ 515,000
Property Attributes
  • MLS#406284
  • TypeMulti-Family
  • CountyHIDALGO
  • CityEdinburg
  • AreaEdinburg
  • NeighborhoodMontecito
  • Zip78541
  • StyleQuadruplex
  • Year Built2020
  • Taxes$ 9599
  • Price$ 515,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3898
  • Lot Size10,001 SqFt
Data Source:
Greater McAllen Association of REALTORS® (GMAOR)
Property Description

Excellent investment property in Edinburg, Texas! Built in 2020, this multifamily unit boasts an open floor plan with an island kitchen, beautiful landscaping, spacious patios, and walk-in closets, Located in between Expressway 281 and Jackson Road off of Monte Cristo! All appliances convey. 7.8% CAP rate

Elementary School Middle School High School
Zavala Elementary School B.L. Garza Middle School Edinburg H.S.
Price History
5/25/2023 Listed $515,000

General Features

Appliances Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator, Stove/Range, Washer
Assoc Fee Paid Per Annually
Assoc Fees 500
Association Name The Montecito Block 3 HOA, Inc.
Association Y/N Yes
Building Area Units Square Feet
Carport Spaces 2
Carport Y/N Yes
City Edinburg
Community Features Gated, Sidewalks
Construction Materials Stucco
Cooling Central Air
County Hidalgo
Directions Exit 281 and go west on Montecristo; property will be on the left (south) hand side before Jackson Rd.
Elementary School Zavala
Elementary School District Edinburg ISD
Energy Efficient Other, Thermostat
Exterior Features Other
Garage Y/N No
Gross Income 54000
Heating Central
High School Edinburg H.S.
High School District Edinburg ISD
Home Warranty Y/N No
Insurance Expense 2100
Interior Features Ceiling Fan(s), Dryer, Microwave, Washer
Lot Size Square Feet 10000.9404
Maintenanceexpense 720
Middle/Junior High School B.L. Garza
Middle/Junior School District Edinburg ISD
Other Structures Outbuilding (None)
Possession Closing and Funding
Property SubType Quadruplex
Property Type Residential Income
Roof Shingle
Sewer City Sewer
Standard Status Active
Status Active
Street Name Summerland
Subdivision Name Montecito
Tax Annual Amount 9599
Tax Year 2022
Total Units 4
Year Built 2020

Interior Features

Air Conditioning Y/N Yes
Flooring Tile
Heating Y/N Yes
Laundry Features Laundry Closet, Washer/Dryer Connection
Living Area Units Square Feet
Livingareasource HidalgoCAD
Street Suffix Lane

Exterior Features

Living Area 3898
Building Area Total 3898
Covered Spaces 2
Fencing Wood
Foundation Details Slab
Lot Size Acres 0.2296
Lot Size Area 10000.9404
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Garage Faces Front
Pool YN No
Road Surface Type Paved
Total Parking 2


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 78541

AVG $470K
AVG $7,296
AVG 57
Year Built
AVG 2011

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