1303 Lore Drive Weslaco, TX 78599
New, fully leased fourplex in Weslaco's Verona gated community.
Property Features for 1303 Lore Drive
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing office Imperio Real Estate LLC
Listing date Nov 6, 2024
Source Crexi
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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.
Key Highlights
- Fully leased fourplex providing a steady income stream
- Located in a gated community (Verona) in Weslaco
- Brand new construction (built in 2022)
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 | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.6k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.4k | $8.74 |
