New Fourplex Community in
2700 Mockingbird Road, Weslaco, TX 78596
For Sale
Contact for pricing
New gated fourplex community with modern units, great investment opportunity.
Property Size4,502 SF
Price / SF$111.06
Days on Market742
Property Features for 2700 Mockingbird Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Year Built
Buildings
Units
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License TX #0755547
(956) 607-8299
Source:
Crexi
Added: Oct 31, 2024
Changed: Nov 3
Last Checked: Nov 10 at 8:06AM
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 Imperio Real Estate LLC
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.
Pike Terrace is a new gated community located in Weslaco, at the corner of Pike Blvd and Milano Rd. This fourplex subdivision features a mixture of two and three bedroom units. The units include contemporary flooring, a kitchen bar, and cabinetry. Quartz countertops and energy-efficient LED lighting are installed throughout. The main bedroom includes a walk-in closet, and the main bath features frameless shower doors. All appliances are included. The property is located near schools, shopping centers, restaurants, and other amenities, making it suitable for investors. The property is currently under construction with an estimated completion date of Mid August 2025. Carports will be located in front. The property size is 4502 square feet.
Key Highlights
- Gated community in prime location (Pike Blvd & Milano Rd, Weslaco)
- Mixture of two and three bedroom units
- Modern finishes: quartz countertops, stylish kitchen bar, high‑end cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,370
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,400
$787.4K
Cap Rate 7%
$562,429
$562.4K
Cap Rate 9%
$437,444
$437.4K
Market Conditions
NOI Build-Up for 4,502 SF
Gross rent
$63.2K $14.04/SF
− Vacancy
−$7.0K −$1.55/SF
EGI
$56.2K $12.49/SF
− OpEx
−$16.9K −$3.75/SF
NOI
$39.4K $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%
$787,400
Cap Rate 7%
$562,429
Cap Rate 9%
$437,444
Alternative Uses
Best Use
Multifamily LT 5
$562.4K
$492.1K – $656.2K
NOI $39,370 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,248 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,857 @ 7.0% cap · market cap 22.17%
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 - New gated fourplex community with modern units, great investment opportunity.
Where is this quadplex located?
The property is located at 2700 Mockingbird Road Weslaco, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Gated community in prime location (Pike Blvd & Milano Rd, Weslaco); Mixture of two and three bedroom units; Modern finishes: quartz countertops, stylish kitchen bar, high‑end cabinetry
