Weslaco Fourplex with
400 Retama Lane, Weslaco, TX 78596
Fully rented fourplex in a well-located Weslaco subdivision.
Type:Multifamily
Property size:
3,074 SFPrice / SF:
$139/SF- Added:
- Jul 5, 2024
- Days on Market:
- 697
- Last Refresh:
- May 12 at 11:39 pm
Property Features for 400 Retama Lane
General Information
- Standard status
- Active
- Size
- 3,074 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agent Cynthia Landin License #0711270
Listing office Landin Realty
Listing date Jul 5, 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 Landin Realty
HighLights
- 100% Rented Fourplexes Available with units ranging from 1 to 4.
- Located in a well‑located new multifamily subdivision in Weslaco.
- Modern Finishes: Enjoy granite countertops, modern flooring, sleek white cabinetry, and modern lighting.
- Includes Appliances and Carports.
- Unit Mix: Features both 2/2 and 1/1 bedroom units.
- Professional Property Management in Place (Optional).
Overview
This is a fully rented fourplex located in a new multifamily subdivision in Weslaco. The property consists of four units: two units with two bedrooms and two bathrooms each, and two units with one bedroom and one bathroom each. The units feature an open layout, modern flooring, granite countertops, modern lighting fixtures, and recessed lighting. Sleek white cabinetry is installed throughout the units. Appliances are included. Carports are available. Professional property management is in place as an option. The property size is 3074 square feet.
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 | $43.2k | $14.04 |
| − Vacancy | −$4.8k | −$1.55 |
| EGI | $38.4k | $12.49 |
| − OpEx | −$11.5k | −$3.75 |
| NOI | $26.9k | $8.74 |
3,074 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.0K
$336.0K – $448.0K
NOI $26,882 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 5.77%
Theoretical Best
Hotel Hospitality
$2.32M
$2.03M – $2.70M
NOI $162,077 @ 7.0% cap · market cap 37.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.974268
- Latitude
- 26.161277
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully rented fourplex in a well-located Weslaco subdivision.
Where is this quadplex located?
The property is located at 400 Retama Lane Weslaco, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 100% Rented Fourplexes Available with units ranging from 1 to 4.; Located in a well‑located new multifamily subdivision in Weslaco.; Modern Finishes: Enjoy granite countertops, modern flooring, sleek white cabinetry, and modern lighting.
