Weslaco 4-Plex Investment
2602 Clearview Street, Weslaco, TX 78596
For Sale
Contact for pricing
Fully leased 4-plex near medical center and highway.
Property Size3,848 SF
Price / SF$122.14
Days on Market733
Property Features for 2602 Clearview Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Building Details
Year Built
Buildings
Units
Listing Agency:
Vela Commercial Real Estate
Listed By:
Roy Vela · License TX #710077
(956) 270-2432
Source:
Crexi
Added: Nov 9, 2024
Changed: Nov 5
Last Checked: Nov 10 at 5:43AM
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 Vela Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully leased 4-plex property is located in Weslaco, TX, offering a gross yearly rental income of $50,400. The property's location provides significant traffic flow and visibility due to its proximity to Weslaco East High School, Knapp Medical Center, and Interstate 2. The property size is 3,848 square feet. This property is positioned to generate cash flow and financial stability.
Key Highlights
- Fully leased property generating $50,400 gross yearly rental income.
- Built in 2024.
- Located in Weslaco, TX, in a high‑traffic area with extreme potential growth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,651
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,020
$673.0K
Cap Rate 7%
$480,729
$480.7K
Cap Rate 9%
$373,900
$373.9K
Market Conditions
NOI Build-Up for 3,848 SF
Gross rent
$54.0K $14.04/SF
− Vacancy
−$6.0K −$1.55/SF
EGI
$48.1K $12.49/SF
− OpEx
−$14.4K −$3.75/SF
NOI
$33.7K $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%
$673,020
Cap Rate 7%
$480,729
Cap Rate 9%
$373,900
Alternative Uses
Best Use
Multifamily LT 5
$480.7K
$420.6K – $560.9K
NOI $33,651 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$442.6K
$387.3K – $516.4K
NOI $30,982 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,753 @ 7.0% cap · market cap 20.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Market
Average Price Trend$/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 - Fully leased 4-plex near medical center and highway.
Where is this quadplex located?
The property is located at 2602 Clearview Street Weslaco, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Fully leased property generating $50,400 gross yearly rental income.; Built in 2024.; Located in Weslaco, TX, in a high‑traffic area with extreme potential growth.
