Leased Fourplex in Gated
1909 Taft St Weslaco, TX 78596
New
1909 Taft St, Weslaco, TX, 78596
$458,000
For Sale
$458,000
Fully leased fourplex with two 2BD/2BA and two 3BD/2BA units, each with covered carport parking.
Property Size4,212 SF
Price / SF$108.74
Days on Market3
Property Features for 1909 Taft St
General Information
- Standard status
- Active
- Size
- 4,212 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2020
Listing agency
Landin Realty
Listed by
Cynthia Landin · License #0711270
Source
Aregtx
Added: Jul 20 Updated: Jul 21 at 5:02AM Checked: Jul 21 at 5:02AM
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 Landin Realty
Investment Insights
Based on property information with market context.
This fully leased fourplex is located within a gated community and offers a flexible unit mix with two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. Interiors include granite countertops, wood-look tile flooring, and a combination of one tub and one walk-in shower per unit. The property also features covered carport parking for residents, along with a stone and stucco exterior.
The listing notes that two fourplexes are available next to each other, providing the option to acquire a combined portfolio of 4 to 8 income-producing units.
As presented, the offering is structured for immediate income, with all units currently leased.
The listing notes that two fourplexes are available next to each other, providing the option to acquire a combined portfolio of 4 to 8 income-producing units.
As presented, the offering is structured for immediate income, with all units currently leased.
Key Highlights
- Fully leased fourplex in a gated community in Weslaco, TX
- Unit mix includes two 2BD/2BA units and two 3BD/2BA units
- Each unit features granite countertops and wood‑look tile flooring
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 | $59.1k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.6k | $12.49 |
| − OpEx | −$15.8k | −$3.75 |
| NOI | $36.8k | $8.74 |
4,212 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 7.40%
Theoretical Best
Hotel Hospitality
$3.17M
$2.78M – $3.70M
NOI $222,078 @ 7.0% cap · market cap 48.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased fourplex with two 2BD/2BA and two 3BD/2BA units, each with covered carport parking.
Where is this quadplex located?
The property is located at 1909 Taft St Weslaco, TX.
What is the asking price?
The asking price for this property is $458,000.
What are key features of this property?
This property features: Fully leased fourplex in a gated community in Weslaco, TX; Unit mix includes two 2BD/2BA units and two 3BD/2BA units; Each unit features granite countertops and wood‑look tile flooring
