Fully Rented Fourplex Investment
2108 Redbud Lane, Weslaco, TX 78596
Fourplex with 3/2 and 2/2 units, all appliances included.
Type:Multifamily
Property size:
3,996 SFPrice / SF:
$116/SF- Added:
- Aug 15, 2024
- Days on Market:
- 656
- Last Refresh:
- May 12 at 10:55 pm
Property Features for 2108 Redbud Lane
General Information
- Standard status
- Active
- Size
- 3,996 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agent Claudia Reyes
Listing office Key Realty
Listing date Aug 15, 2024
Source Crexi
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
HighLights
- Fully rented fourplex: Immediate income generation for investors.
- Excellent investment property: High potential for return on investment.
- Modern construction: Built in 2022, minimizing potential maintenance issues.
- Unit mix: Features a combination of 3/2 and 2/2 units, appealing to diverse tenant profiles.
- All appliances included: Reduces initial investment and simplifies tenant move‑in.
- Convenient location: Close proximity to expressway, restaurants, and schools.
Overview
This fourplex presents an investment opportunity with all units currently rented. The property includes two units featuring 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.
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 | $56.1k | $14.04 |
| − Vacancy | −$6.2k | −$1.55 |
| EGI | $49.9k | $12.49 |
| − OpEx | −$15.0k | −$3.75 |
| NOI | $34.9k | $8.74 |
3,996 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$459.6K
$402.2K – $536.2K
NOI $32,174 @ 7.0% cap · market cap 6.92%
Theoretical Best
Hotel Hospitality
$3.01M
$2.63M – $3.51M
NOI $210,689 @ 7.0% cap · market cap 45.31%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.9943
- Latitude
- 26.1701
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex with 3/2 and 2/2 units, all appliances included.
Where is this quadplex located?
The property is located at 2108 Redbud Lane Weslaco, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Fully rented fourplex: Immediate income generation for investors.; Excellent investment property: High potential for return on investment.; Modern construction: Built in 2022, minimizing potential maintenance issues.
