2700 Mockingbird Road, Weslaco, TX 78596
New gated fourplex community with modern units, great investment opportunity.
- Added:
- Oct 31, 2024
- Days on Market:
- 587
- Last Refresh:
- May 12 at 10:37 pm
Property Features for 2700 Mockingbird Road
General Information
- Standard status
- Active
- Size
- 4,502 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agent Bryanna Hernandez License #TREC # 0755547
Listing office Imperio Real Estate LLC
Listing date Oct 31, 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 Imperio Real Estate LLC
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
- Includes all appliances
- Spacious main bedroom with walk‑in closet and elegant bathroom
- Energy‑efficient LED lighting
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 | $63.2k | $14.04 |
| − Vacancy | −$7.0k | −$1.55 |
| EGI | $56.2k | $12.49 |
| − OpEx | −$16.9k | −$3.75 |
| NOI | $39.4k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9943
- Latitude
- 26.1701
