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    Pike Blvd Weslaco, TX 78596

    For Sale
    $11,000,000

    Luxury 88-unit apartment complex, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional pre-construction opportunity presents a brand-new, 88-unit apartment building in Weslaco, Texas, boasting a projected cap rate exceeding 10%. Located on W Pike Blvd in Hidalgo County (zip code 78596), this single-story complex comprises 22 quadplexes, each featuring 13-foot ceilings, luxurious quartz countertops, and tile flooring throughout. The stucco exterior contributes to a contemporary aesthetic, while energy-efficient construction ensures lower utility costs for residents. The property includes 16 parking spaces and is situated within a gated community, offering residents a secure and comfortable living environment. Its prime location offers easy access to Interstate Hwy 2, Weslaco High School, and a variety of restaurants, shopping centers, and entertainment venues. The property's modern design and desirable location make it an ideal investment for discerning buyers seeking high returns in a rapidly growing Texas city. The asking price is $11,000,000, and the APN is 123412341234. This is a rare chance to acquire a newly constructed, high-yield multifamily asset in a thriving market. Don't miss this opportunity to capitalize on the strong rental demand and significant growth potential of this exceptional property.

    Property Features for 0 Pike Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Stories
    1
    Units
    88

    HighLights

    • 88‑unit, single‑story apartment complex in Weslaco, TX (78596).
    • Projected cap rate exceeding 10%.
    • Located on W Pike Blvd, Hidalgo County.
    • Comprises 22 quadplexes with 13‑foot ceilings, quartz countertops, and tile flooring.
    • Features stucco exterior, energy‑efficient construction, and 16 parking spaces within a gated community.
    • Prime location near I‑2, Weslaco High School, and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0066295
    Latitude
    26.1696579

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 88-unit apartment complex, high ROI.
    Where is this multifamily property located?
    The property is located at Pike Blvd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 88-unit, single-story apartment complex in Weslaco, TX (78596).; Projected cap rate exceeding 10%.; Located on W Pike Blvd, Hidalgo County.
    Request Owner's contact information
    Pike Blvd 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
    Pike Blvd Weslaco, TX 78596
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