New Fourplex Community in
For Sale
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2700 Mockingbird Road, Weslaco, TX 78596
New gated fourplex community with modern units, great investment opportunity.
Property Size4,502 SF
Price / SF$111.06
Days on Market638
Property Features for 2700 Mockingbird Road
General Information
Standard status
Active
Size
4,502 SF
Property subtype
Multifamily
Building Details
Year Built
2024
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License #TREC # 0755547
Source:
Crexi
Added: Oct 31, 2024
Changed: Jul 6
Last Checked: Jul 30 at 7:51AM
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
Investment Insights
Based on property information with market context.
Pike Terrace is a new gated community located in Weslaco, at the corner of Pike Blvd and Milano Rd. This fourplex subdivision features a mixture of two and three bedroom units. The units include contemporary flooring, a kitchen bar, and cabinetry. Quartz countertops and energy-efficient LED lighting are installed throughout. The main bedroom includes a walk-in closet, and the main bath features frameless shower doors. All appliances are included. The property is located near schools, shopping centers, restaurants, and other amenities, making it suitable for investors. The property is currently under construction with an estimated completion date of Mid August 2025. Carports will be located in front. The property size is 4502 square feet.
Key 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
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 |
4,502 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.4K
$492.1K – $656.2K
NOI $39,370 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,248 @ 7.0% cap · market cap 7.25%
Theoretical Best
Hotel Hospitality
$3.39M
$2.97M – $3.96M
NOI $237,368 @ 7.0% cap · market cap 47.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - New gated fourplex community with modern units, great investment opportunity.
Where is this quadplex located?
The property is located at 2700 Mockingbird Road Weslaco, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 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
