300 Retama Lane Weslaco, TX 78596
Fourplex in Weslaco featuring modern amenities and professional management.
Property Features for 300 Retama Lane
General Information
- Standard status
- Active
- Size
- 3,074 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing office Landin Realty
Listing date Jul 5, 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 Landin Realty
Investment Insights
Based on property information with market context.
Key Highlights
- 100% Rented Fourplex: Enjoy immediate income with all units leased.
- Modern Amenities: Features granite countertops, modern flooring, sleek white cabinetry, and modern lighting fixtures.
- Carports: Provides covered parking.
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 | $43.2k | $14.04 |
| − Vacancy | −$4.8k | −$1.55 |
| EGI | $38.4k | $12.49 |
| − OpEx | −$11.5k | −$3.75 |
| NOI | $26.9k | $8.74 |
