402 Gastel Cir Edinburg, TX 78539
Estimated payment $12,810/month
Highlights
- Gated Community
- Mature Trees
- Laundry closet
- Robert Vela High School Rated A-
- No HOA
- Closed Circuit Camera
About This Home
Prime Investment Opportunity – Fully Renovated 22-Unit Apartment Complex
Located in the vibrant heart of Edinburg, TX, this turnkey property offers exceptional convenience just steps from Walmart, major shopping centers, dining, and the University of Texas Rio Grande Valley (UTRGV).
Recently renovated inside and out, the complex boasts modern finishes, upgraded systems, and excellent curb appeal. An on-site laundry facility provides additional income, enhancing the property’s strong investment potential.
With its ideal location, updated features, and multiple income streams, this property is perfectly positioned for long-term success.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,172
Year Built
- Built in 1997
Lot Details
- 0.64 Acre Lot
- Chain Link Fence
- Decorative Fence
- Irregular Lot
- Mature Trees
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 16,620 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Tile Flooring
- Closed Circuit Camera
- Laundry closet
Kitchen
- Stove
- Microwave
Schools
- De La Vina Elementary School
- South Middle School
- Vela High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number U200000000002300
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
- University Terrace Subdivision
Building Details
- Insurance Expense $14,500
- Maintenance Expense $1,000
- Gross Income $211,000
Security
- Gated Community
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 | $33,658 | $1,401,704 | $161,437 | $1,240,267 |
| 2023 | $32,945 | $1,373,115 | $161,437 | $1,211,678 |
| 2022 | $28,172 | $1,081,865 | $161,437 | $920,428 |
| 2021 | $22,697 | $838,221 | $161,437 | $676,784 |
| 2020 | $23,205 | $852,863 | $161,437 | $691,426 |
| 2019 | $22,557 | $812,250 | $161,437 | $650,813 |
| 2018 | $18,417 | $661,505 | $161,437 | $500,068 |
| 2017 | $21,353 | $764,235 | $101,074 | $663,161 |
| 2016 | $17,500 | $626,328 | $101,074 | $525,254 |
| 2015 | $19,951 | $706,950 | $101,074 | $605,876 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | For Sale | $1,920,000 | +42.2% | $116 / Sq Ft |
| 10/29/2021 10/29/21 | Sold | -- | -- | -- |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 04/05/2021 04/05/21 | Price Changed | $1,350,000 | +8.0% | $81 / Sq Ft |
| 03/16/2021 03/16/21 | Price Changed | $1,250,000 | -7.4% | $75 / Sq Ft |
| 02/24/2021 02/24/21 | For Sale | $1,350,000 | +42.1% | $81 / Sq Ft |
| 12/30/2015 12/30/15 | Sold | -- | -- | -- |
| 10/07/2015 10/07/15 | Pending | -- | -- | -- |
| 05/11/2015 05/11/15 | For Sale | $950,000 | -- | $57 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Valley Land Title | |
| Deed | -- | Corporation Service | |
| Vendors Lien | -- | Attorney | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Edwards Abstract & Title Co | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,275,000 | New Conventional | |
| Previous Owner | $1,051,612 | New Conventional | |
| Previous Owner | $500,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $448,827 | Unknown | |
| Previous Owner | $520,000 | Purchase Money Mortgage | |
| Previous Owner | $450,000 | Commercial |
Source: Greater McAllen Association of REALTORS®
MLS Number: 478422
APN: U2000-00-000-0023-00
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.
- 1816 Horsetail Falls
- 1907 Jason Ave
- 0000 Texas 107
- 1620 W Samano St
- 802 Hill Country Dr
- 1701 W Mcintyre St
- 1809 W Kuhn St
- TBD W Sprague St
- 2104 Kimberly Ln
- 1118 W Stubbs St
- 2106 Kimberly Ln
- 2108 Kimberly Ln
- 1216 Tanglewood Dr
- 2206 Kimberly Ln
- 1114 W Cano St
- 2305 Kimberly Ln Unit 2
- 2305 Kimberly Ln
- 1009 W Champion St
- 2307 Kimberly Ln
- 1101 W Siesta Dr
- 402 Gastel Cir Unit 21
- 402 Gastel Cir Unit 17
- 512 Gastel Cir Unit 5
- 1929 Lacywood Unit B
- 211 Gastel Cir Unit 1
- 211 Gastel Cir Unit 2
- 211 Gastel Cir Unit 4
- 211 Gastel Cir Unit 3
- 2029 Upland Dr
- 515 S Sugar Rd
- 1807 Horsetail Falls Unit 1
- 622 Horizon Peak Unit X
- 118-120 Gastel Cir Unit 8
- 118-120 Gastel Cir Unit 6
- 1922 Upland Dr Unit 1
- 1921 Horsetail Falls Unit 2
- 1906 Horsetail Falls Unit B
- 1805 Jason Ave
- 705 Pebble Creek Unit X
- 1811 Jason Ave Unit 2