Fully Rented Fourplex Investment
For Sale
Contact for pricing
2108 Redbud Lane, Weslaco, TX 78596
Fourplex with 3/2 and 2/2 units, all appliances included.
Property Size3,996 SF
Price / SF$110.11
Days on Market792
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 2108 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: Aug 15, 2024
Changed: Oct 4
Last Checked: Oct 15 at 12:08AM
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 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.
Key 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.
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 - 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 $440,000.
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.
