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Weslaco 4-Plex Investment Opportunity

1408 Marcela Drive, Weslaco, TX 78599

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For Sale

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Four-unit property in Weslaco, Texas with strong income potential.

Type:Multifamily

Property size:

4,080 SF

Price / SF:

$125/SF

HighLights

New Construction (2024): Modern design and minimal maintenance.
4‑Plex Investment Opportunity: Potential for substantial rental income.
Mix of Unit Sizes: Two 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units cater to diverse tenant needs.
Desirable Location: Weslaco, Texas, 78599 offers a growing real estate market.
All Units with 2 Bathrooms: Convenience and appeal for renters.
Well‑Appointed Units: Attractive to potential tenants, maximizing occupancy rates.

We can help!

Listing Contact

Esteban Sanchez

Learn more

For Sale

Contact for pricing

Four-unit property in Weslaco, Texas with strong income potential.

Type:Multifamily

Property size:

4,080 SF

Price / SF:

$125/SF

Added:: Oct 2, 2024
Days on Market:: 622
Last Refresh:: May 12 at 8:03 pm

Property Features for 1408 Marcela Drive

General Information

Standard status: Active
Size: 4,080 SF
Property subtype: Multifamily

Building Details

Year Built: 2024

We can help!

Listing Contact

Esteban Sanchez

Listing agent Esteban Sanchez License #0650961

Listing office Alliance Real Estate Group

Listing date Oct 2, 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 Alliance Real Estate Group

HighLights

New Construction (2024): Modern design and minimal maintenance.
4‑Plex Investment Opportunity: Potential for substantial rental income.
Mix of Unit Sizes: Two 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units cater to diverse tenant needs.
Desirable Location: Weslaco, Texas, 78599 offers a growing real estate market.
All Units with 2 Bathrooms: Convenience and appeal for renters.
Well‑Appointed Units: Attractive to potential tenants, maximizing occupancy rates.

Overview

Located at 1408 Marcela Drive in Weslaco, Texas, this property presents an investment opportunity. The property is a 4-plex, containing two units with 2 bedrooms and 2 bathrooms each, and two units with 3 bedrooms and 2 bathrooms each. The property offers rental income potential.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.3k	$14.04
− Vacancy	−$6.3k	−$1.55
EGI	$51.0k	$12.49
− OpEx	−$15.3k	−$3.75
NOI	$35.7k	$8.74

4,080 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$509.7K

$446.0K – $594.7K (±1% cap)

NOI $35,679 @ 7.0% cap · market cap 7.00%

Second Best

Apartment 5plus

$469.3K

$410.6K – $547.5K (±1% cap)

NOI $32,850 @ 7.0% cap · market cap 6.44%

Theoretical Best

Hotel Hospitality

$3.07M

$2.69M – $3.59M (±1% cap)

NOI $215,118 @ 7.0% cap · market cap 42.18%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Map

City: Weslaco
County: Hidalgo
State: Texas
Longitude: -97.9909
Latitude: 26.1592

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For sale
Quadplexes
TX
Weslaco
78599
1408 Marcela Drive

What type of property is this?

Quadplex - Four-unit property in Weslaco, Texas with strong income potential.

Where is this quadplex located?

The property is located at 1408 Marcela Drive Weslaco, TX.

What is the asking price?

The asking price for this property is $510,000.

What are key features of this property?

This property features: New Construction (2024): Modern design and minimal maintenance.; 4‑Plex Investment Opportunity: Potential for substantial rental income.; Mix of Unit Sizes: Two 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units cater to diverse tenant needs.