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    2905 Charlie Rd Weslaco, TX 78596

    For Sale
    $485,000

    New Construction, 4 Units, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional fourplex, located at 2905 Charlie Road in Weslaco, Texas, presents a remarkable investment opportunity. Completed in 2024, this property boasts two separate buildings situated within the desirable Dominions Subdivision, a gated community. The convenient location, just off Highway 83 between N Midway Road and Milano Road, provides easy access to a wealth of dining, shopping, and entertainment venues. The property sits on a substantial 9,172.86 square foot lot. Each building houses two units, offering a diverse mix of living spaces. One building features a 3-bedroom, 2-bathroom unit, while the other offers a 2-bedroom, 2-bathroom unit. This configuration caters to a broad range of renters, maximizing occupancy potential. The asking price is $485,000, representing a compelling entry point for investors seeking strong returns. This new construction fourplex offers a turnkey solution for immediate income generation and long-term appreciation in a thriving Texas market. The property's prime location and modern design combine to create a highly attractive investment prospect. Don't miss this chance to acquire a high-yield property in a rapidly growing area. The zip code is 78596, and the property is located in Hidalgo County.

    Property Features for 2905 Charlie Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.991986
    Latitude
    26.1385465

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    FAQs

    What type of property is this?
    Multifamily property - New Construction, 4 Units, High ROI Potential
    Where is this multifamily property located?
    The property is located at 2905 Charlie Rd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $485,000.
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    2905 Charlie Rd Weslaco, TX 78596
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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
    2905 Charlie Rd Weslaco, TX 78596
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