About 613 Gastel Circle
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!
Features of 613 Gastel Circle
| MLS® # | 509473 |
|---|---|
| Price | $1,650,000 |
| Square Footage | 13,356 |
| Acres | 1.28 |
| Year Built | 1991 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 613 Gastel Circle |
|---|---|
| Subdivision | University Terrace |
| City | Edinburg |
| County | Hidalgo |
| State | TX |
| Zip Code | 78539 |
Amenities
| Utilities | Cable Available |
|---|---|
| Parking Spaces | 25 |
| Parking | Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Electric Water Heater, Electric Cooktop |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Sidewalks |
|---|---|
| Roof | Composition Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Edinburg ISD |
|---|---|
| Elementary | De La Vina |
| Middle | South Middle School |
| High | Vela H.S. |
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Vicki Lynn Chrysler |
|---|---|
| Office | Select Properties |
| Contact Info | 956-821-1939 |