Weslaco Fourplex Investment
For Sale
Contact for pricing
2112 Redbud Lane, Weslaco, TX 78596
Fully rented fourplex near expressway, restaurants, and schools.
Property Size3,996 SF
Price / SF$110.11
Days on Market827
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Property Features for 2112 Redbud Lane
General Information
Standard status
Active
Size
3,996 SF
Total Parking Spaces
2
Property subtype
Multifamily
Building Details
Year Built
2022
Buildings
2
Units
4
Listing Agency:
Key Realty
Listed By:
Claudia Reyes
(956) 225-5295
Source:
Crexi
Added: Jul 11, 2024
Changed: Oct 8
Last Checked: Oct 14 at 11:48PM
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 Key Realty
Investment Insights
Based on property information with market context.
This fourplex presents a business opportunity as an investment property. The property is fully rented and includes two units with three bedrooms and two bathrooms, and two units with two bedrooms and two bathrooms. All appliances are included. The property is located minutes away from the expressway, restaurants, and schools. The property size is 3996 square feet. Note that 2108 Redbud Ln is also for sale.
Key Highlights
- Fully rented fourplex providing immediate rental income.
- Excellent investment property opportunity.
- Includes all appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,945
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,900
$698.9K
Cap Rate 7%
$499,214
$499.2K
Cap Rate 9%
$388,278
$388.3K
Market Conditions
NOI Build-Up for 3,996 SF
Gross rent
$56.1K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$49.9K $12.49/SF
− OpEx
−$15.0K −$3.75/SF
NOI
$34.9K $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%
$698,900
Cap Rate 7%
$499,214
Cap Rate 9%
$388,278
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$459.6K
$402.2K – $536.2K
NOI $32,174 @ 7.0% cap · market cap 7.31%
Theoretical Best
Hotel Hospitality
$3.01M
$2.63M – $3.51M
NOI $210,689 @ 7.0% cap · market cap 47.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented fourplex near expressway, restaurants, and schools.
Where is this quadplex located?
The property is located at 2112 Redbud Lane Weslaco, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully rented fourplex providing immediate rental income.; Excellent investment property opportunity.; Includes all appliances.
