3027 E Mile 11, Weslaco, TX 78599
MULTI_FAMILY - Weslaco, TX
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 3027 E Mile 11
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage, Carport
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
- Standard status
- Active
- APN
- M475500000000200
- Size
- 3,480 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6217
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Rosbel Ramirez (956) 566-9595
Listing office Encore Fine Properties 817 N Ware Road, McAllen, TX (956) 821-6170
Listing date Jun 26, 2026
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing 4‑plex in Weslaco, TX with all units fully leased
- Four units with individual utilities
- Built in 2011 with stucco exterior and shingle roof
- Central heating and central air conditioning
- On‑site parking includes a garage and carport
- Exterior features include mature trees
Overview
The asset is located at 3027 E Mile 11 in Weslaco, Texas (Hidalgo County). The listing notes convenience to shopping, schools, and major highways, supporting ongoing neighborhood rental appeal.
For buyers seeking a multi-unit residential investment, this 4-plex provides four separate rental units within one property and includes individual utility responsibility per unit. With the property already occupied as stated in the remarks, an owner can look to start with an income-producing structure while retaining the practical efficiencies that come with operating a single, four-unit building rather than multiple dispersed properties.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $14.04 |
| − Vacancy | −$5.4k | −$1.55 |
| EGI | $43.5k | $12.49 |
| − OpEx | −$13.0k | −$3.75 |
| NOI | $30.4k | $8.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.961879
- Latitude
- 26.214815
