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    1303 Marcela Dr Weslaco, TX 78599

    For Sale
    $499,000

    Modern 4-unit building, immediate cash flow.

    Property size:
    3,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2023-built fourplex, located at 1303 Marcela Drive in Weslaco, Texas, presents a lucrative investment opportunity. Situated within Verona, a new gated community, this property boasts 3,990 square feet across two buildings on a 9,980 square foot lot. The four units are fully leased, each offering a spacious 2-bedroom, 2-bathroom layout. Modern features include open floor plans, quartz countertops, and wood-like tile flooring. Each unit also includes a washer/dryer, private fenced backyard, and appliances. Tenants are responsible for electricity, trash, cable, and internet, while water is included in the rent. Ample parking is provided with eight carport spaces. The property's prime location offers convenient access to schools, shopping centers, and dining establishments, ensuring high tenant demand and consistent occupancy. This turnkey investment generates immediate cash flow, making it an ideal addition to any portfolio. The asking price is $499,000. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas community. Zip code: 78599.

    Property Features for 1303 Marcela Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,990 SF

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • $499,000 asking price.
    • Four‑unit multifamily apartment building.
    • 3,990 square feet, on a 9,980 square foot lot.
    • Two buildings, constructed in 2023.
    • Located at 1303 Marcela Drive, Weslaco, TX 78599.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9604296
    Latitude
    26.1759678

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    FAQs

    What type of property is this?
    Multifamily property - Modern 4-unit building, immediate cash flow.
    Where is this multifamily property located?
    The property is located at 1303 Marcela Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; Four-unit multifamily apartment building.; 3,990 square feet, on a 9,980 square foot lot.
    Request Owner's contact information
    1303 Marcela Dr Weslaco, TX 78599
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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
    1303 Marcela Dr Weslaco, TX 78599
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