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    1307 Lore Dr Weslaco, TX 78599

    For Sale
    $485,000

    Brand-new, fully leased fourplex in gated community.

    Property size:
    3,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a brand-new, fully leased fourplex located at 1307 Lore Drive, Weslaco, Texas, 78599. Built in 2022, this property boasts a total of 3,988 square feet situated on a 9,638.957 square foot lot. The property consists of two buildings, each housing a portion of the four apartment units. This multifamily property is ideally situated within Verona, a gated community offering residents convenient access to a variety of amenities. Its prime location places it just minutes away from major shopping centers, grocery stores, and diverse dining options, ensuring high tenant demand and occupancy rates. The asking price for this turnkey investment is $485,000. Currently fully leased, this property provides an immediate and consistent income stream, making it an attractive option for investors seeking a stable return on their investment. Don't miss this chance to acquire a high-performing asset in a thriving Texas market. The property's modern construction and desirable location combine to create a compelling investment opportunity with significant potential for long-term growth and profitability.

    Property Features for 1307 Lore Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,988 SF

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, fully leased fourplex in Weslaco, TX.
    • 3,988 square feet on a 9,638.957 square foot lot, built in 2022.
    • Located in the gated Verona community, minutes from shopping and dining.
    • Asking price: $485,000.
    • Provides immediate income stream due to 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9613208
    Latitude
    26.175952

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    FAQs

    What type of property is this?
    Multifamily property - Brand-new, fully leased fourplex in gated community.
    Where is this multifamily property located?
    The property is located at 1307 Lore Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Brand-new, fully leased fourplex in Weslaco, TX.; 3,988 square feet on a 9,638.957 square foot lot, built in 2022.; Located in the gated Verona community, minutes from shopping and dining.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1307 Lore Dr Weslaco, TX 78599
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