2516 Jeffery Dr Edinburg, TX 78542
Estimated payment $2,206/month
Highlights
- No HOA
- Cul-De-Sac
- Tile Flooring
- Covered Patio or Porch
- Laundry closet
- Central Heating and Cooling System
About This Home
An Excellent Investment Opportunity!
This well-maintained multifamily property presents a solid investment opportunity with several recent improvements and stable cash flow. It features four units, each with appliances (several recently replaced). All units are tiled and include coffered ceilings. Most units also include washers and dryers, with laundry hookups available in all.
Currently, 4 active leases are in place: 3 units at $675/month and one at $625/month, with clear potential for rental increases to align with market rates.
Major capital improvements have already been completed, including:
- New roof installed in 2020
- Septic system for Units C and D replaced in 2025
- New HVAC system for Unit D installed in 2024
- Water heaters replaced in most units within the last 1–3 years
- As well as several new appliances, new ceiling fans, fresh paint in three units within the last couple of years, and many more miscellaneous improvements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,526
Year Built
- Built in 2005
Lot Details
- 0.52 Acre Lot
- Cul-De-Sac
- Wood Fence
Parking
- No Garage
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3,417 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
- Electric Range
Laundry
- Laundry closet
- Washer and Dryer Hookup
Schools
- Singleterry Elementary School
- Sauceda Middle School
- Donna North High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Septic Tank
- Cable TV Available
Additional Features
- Energy-Efficient Thermostat
- Covered Patio or Porch
Listing and Financial Details
- Assessor Parcel Number S254200000000800
Community Details
Overview
- No Home Owners Association
- Sevilla Subdivision
Building Details
- Insurance Expense $1,000
- Gross Income $33,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,526 | $324,909 | $75,911 | $248,998 |
| 2023 | $6,019 | $303,896 | $52,118 | $251,778 |
| 2022 | $4,684 | $229,455 | $36,256 | $193,199 |
| 2021 | $4,183 | $202,907 | $36,256 | $166,651 |
| 2020 | $4,409 | $204,698 | $36,256 | $168,442 |
| 2019 | $4,465 | $204,218 | $33,990 | $170,228 |
| 2018 | $4,276 | $194,723 | $33,990 | $160,733 |
| 2017 | $4,030 | $182,552 | $33,990 | $148,562 |
| 2016 | $3,325 | $150,644 | $33,990 | $116,654 |
| 2015 | $3,246 | $145,812 | $33,990 | $111,822 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $305,000 | -3.2% | $89 / Sq Ft |
| 07/17/2025 07/17/25 | Price Changed | $315,000 | -3.1% | $92 / Sq Ft |
| 05/13/2025 05/13/25 | Price Changed | $325,000 | -3.0% | $95 / Sq Ft |
| 04/19/2025 04/19/25 | For Sale | $335,000 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Edwards Abstract | |
| Special Warranty Deed | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Security Land Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $208,160 | FHA | |
| Previous Owner | $47,300 | Purchase Money Mortgage | |
| Previous Owner | $26,500 | Seller Take Back | |
| Previous Owner | $115,000 | Commercial |
Source: Greater McAllen Association of REALTORS®
MLS Number: 467903
APN: S2542-00-000-0008-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.
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