2901 Charlie Road Weslaco, TX 78596
New construction fourplex in Weslaco's Dominions Subdivision.
Property Features for 2901 Charlie Road
General Information
- Standard status
- Active
- Size
- 3,726 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing office Monarca Real Estate Group (956) 803-0341
Listing date Dec 20, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Monarca Real Estate Group
Investment Insights
Based on property information with market context.
Key Highlights
- New construction fourplex built in 2024 in Weslaco.
- Located in the gated community of Dominions Subdivision.
- Excellent location off Highway 83, between N Midway Road and Milano Road.
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 | $52.3k | $14.04 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $46.5k | $12.49 |
| − OpEx | −$14.0k | −$3.75 |
| NOI | $32.6k | $8.74 |
