1802 W Ramirez Street Mission, TX 78572
Four-unit complex built in 2023 with modern amenities.
- Added:
- Nov 18, 2024
- Days on Market:
- 603
- Last Refresh:
- May 12 at 9:29 pm
Property Features for 1802 W Ramirez Street
General Information
- Standard status
- Active
- Size
- 3,808 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing office Dillard and Chapa Real Estate (956) 271-2600
Listing date Nov 18, 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 Dillard and Chapa Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- New construction built in 2023.
- Four units: two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units.
- Each unit includes stainless steel kitchen appliances (refrigerator, stove, microwave oven) and a washer and dryer.
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 | $53.5k | $14.04 |
| − Vacancy | −$5.9k | −$1.55 |
| EGI | $47.6k | $12.49 |
| − OpEx | −$14.3k | −$3.75 |
| NOI | $33.3k | $8.74 |
