Four-Unit Multifamily
11 E Mile 11, Weslaco, TX 78599
For Sale
New
$350,000
Four residences with separate utilities are fully leased and occupied by tenants.
Property Size3,480 SF
Price / SF$100.57
Days on Market4
Property Features for 11 E Mile 11
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Rosbel Ramirez · License #801072076
(956) 566-9595
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encore Fine Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2013-built multifamily property contains four units totaling 3,480 square feet. Each residence has its own utilities, and all units are currently leased to tenants.
The property is located in Weslaco, Texas, near shopping, schools, and major highways.
The property is located in Weslaco, Texas, near shopping, schools, and major highways.
Key Highlights
- Four units totaling 3,480 square feet
- Built in 2013
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,432
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,640
$608.6K
Cap Rate 7%
$434,743
$434.7K
Cap Rate 9%
$338,133
$338.1K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$48.9K $14.04/SF
− Vacancy
−$5.4K −$1.55/SF
EGI
$43.5K $12.49/SF
− OpEx
−$13.0K −$3.75/SF
NOI
$30.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,640
Cap Rate 7%
$434,743
Cap Rate 9%
$338,133
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.4K – $507.2K
NOI $30,432 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$400.3K
$350.2K – $467.0K
NOI $28,019 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,692 @ 7.0% cap · market cap 24.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Weslaco, TX
Properties on Market for Quadplexes in Weslaco
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences with separate utilities are fully leased and occupied by tenants.
Where is this quadplex located?
The property is located at 11 E Mile 11 Weslaco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four units totaling 3,480 square feet; Built in 2013; Separate utilities for each unit
