Income-Generating 4-Plex
For Sale
$350,000
3027 E Mile 11, Weslaco, TX 78599
Fully leased four-unit building with individual utilities, designed for straightforward low-maintenance operation.
Property Size3,480 SF
Price / SF$100.57
Days on Market97
Property Features for 3027 E Mile 11
General Information
Standard status
Active
Size
3,480 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
2011
Tenancy
Multi
Listing Agency:
Encore Fine Properties
Listed By:
Rosbel Ramirez
(956) 566-9595
Source:
Aregtx
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 7 at 2:01PM
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
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$30,432
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,640
$608.6K
Cap Rate 7%
$434,743
$434.7K
Cap Rate 9%
$338,133
$338.1K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$48.9K $14.04/SF
− Vacancy
−$5.4K −$1.55/SF
EGI
$43.5K $12.49/SF
− OpEx
−$13.0K −$3.75/SF
NOI
$30.4K $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%
$608,640
Cap Rate 7%
$434,743
Cap Rate 9%
$338,133
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 78599, TX
32,500
Population
9,945
Households
3.3
Avg Household Size
29
Median Age
16%
College-Educated
67%
High-School Grad
26.5 sq mi
ZIP Area
1,226
Density / Sq Mi
$55,939
Median Household Income
$27,841
Median Earnings
$954
Median Rent
$113,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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
