11 E Mile 11

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11 E Mile 11

Weslaco, TX 78599
Asking Price
$350K
Asset Type
Multifamily
Class
Class B

What's Special

11 E Mile 11 is situated in north Weslaco, Texas, positioned just off the Interstate 2 corridor. This location provides convenient access to the Mid-Valley’s primary commercial hubs and surrounding municipalities like McAllen and Harlingen. The immediate neighborhood is characterized by a mix of residential developments and agricultural land, offering a quiet atmosphere while remaining close to essential services. Nearby amenities include major retailers, grocery stores, and medical facilities concentrated along North Texas Boulevard and West Pike Boulevard. This commercial property is suited for multifamily development or value-add investment. Given the proximity to regional employment centers and local schools, the typical tenant profile includes local professionals, small families, and commuters seeking accessible housing within the Rio Grande Valley. The site supports high-density residential use consistent with the area’s growing demand for diverse housing options.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.609
Annual Cash Flow
$59,220.692

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