Income-Generating 4-Plex
3027 E Mile 11 Weslaco, TX 78599
New
For Sale
$350,000
Fully leased four-unit building with individual utilities, designed for straightforward low-maintenance operation.
Property Size3,480 SF
Price / SF$100.57
Days on Market3
Property Features for 3027 E Mile 11
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2011
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Rosbel Ramirez
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:14AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This for-sale four-plex provides four spacious units with individual utilities. The property is described as fully leased and well-maintained, with tenants in place.
The building is located in Weslaco, Texas, and the public remarks indicate proximity to shopping, schools, and major highways.
With four separate units under one roof, this income-producing multifamily property offers an established rental configuration centered on low-maintenance, easy-to-manage operations as presented in the available information.
The building is located in Weslaco, Texas, and the public remarks indicate proximity to shopping, schools, and major highways.
With four separate units under one roof, this income-producing multifamily property offers an established rental configuration centered on low-maintenance, easy-to-manage operations as presented in the available information.
Key Highlights
- 2011‑built, fully leased 4‑plex in Weslaco, TX
- Four units with individual utilities
- Designed for straightforward, low‑maintenance operation
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 | $48.9k | $14.04 |
| − Vacancy | −$5.4k | −$1.55 |
| EGI | $43.5k | $12.49 |
| − OpEx | −$13.0k | −$3.75 |
| NOI | $30.4k | $8.74 |
3,480 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.4K – $507.2K
NOI $30,432 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$400.3K
$350.2K – $467.0K
NOI $28,019 @ 7.0% cap · market cap 8.01%
Theoretical Best
Hotel Hospitality
$2.62M
$2.29M – $3.06M
NOI $183,483 @ 7.0% cap · market cap 52.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully leased four-unit building with individual utilities, designed for straightforward low-maintenance operation.
Where is this quadplex located?
The property is located at 3027 E Mile 11 Weslaco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2011‑built, fully leased 4‑plex in Weslaco, TX; Four units with individual utilities; Designed for straightforward, low‑maintenance operation
