2602 Clearview Street, Weslaco, TX 78596
Fully leased 4-plex near medical center and highway.
- Added:
- Nov 9, 2024
- Days on Market:
- 583
- Last Refresh:
- May 12 at 10:54 pm
Property Features for 2602 Clearview Street
General Information
- Standard status
- Active
- Size
- 3,848 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agent Roy Vela License #710077
Listing office Vela Commercial Real Estate
Listing date Nov 9, 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 Vela Commercial Real Estate
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.
- Close proximity to Weslaco East High School.
- Near a high‑density medical area (Knapp Medical Center).
- Convenient access to Interstate 2.
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 | $54.0k | $14.04 |
| − Vacancy | −$6.0k | −$1.55 |
| EGI | $48.1k | $12.49 |
| − OpEx | −$14.4k | −$3.75 |
| NOI | $33.7k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9943
- Latitude
- 26.1701
