1307 Lore Drive, Weslaco, TX 78599
New, fully leased fourplex in Weslaco's Verona gated community.
- Added:
- Nov 6, 2024
- Days on Market:
- 586
- Last Refresh:
- May 12 at 9:29 pm
Property Features for 1307 Lore Drive
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agent Bryanna Hernandez License #TREC # 0755547
Listing office Imperio Real Estate LLC
Listing date Nov 6, 2024
Source Crexi
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 Imperio Real Estate LLC
HighLights
- Fully leased fourplex PROVIDING A STEADY INCOME STREAM.
- Located in the gated community of Verona.
- Brand new construction (built in 2022).
- Includes all appliances.
- Priced to sell.
- Conveniently located near shopping centers, grocery stores, and dining.
Overview
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 | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.6k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.4k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9909
- Latitude
- 26.1592
