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    2050 Taft St Weslaco, TX 78599

    For Sale
    $1,845,000

    16-Unit Multifamily, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 16-unit multifamily property in Weslaco, Texas, presents a compelling investment opportunity. Located at 2050 Taft St., this gated community comprises four fourplex buildings, all constructed in 2019 and currently fully rented, generating immediate income. The property boasts 32 covered rear parking spaces, ensuring ample parking for residents. Each unit is equipped with modern amenities including custom cabinets, quartz countertops, and ceramic tile flooring. Eight units offer three bedrooms, while the remaining eight units feature two bedrooms. All units include appliances, enhancing their appeal to tenants. The property also features an automatic sprinkler system and private back patios enclosed by privacy fences, adding to the overall desirability and value. The property is situated in Hidalgo County, Texas, with a zip code of 78599, offering convenient access to local amenities and services. This turnkey investment is ideal for those seeking a stable, high-yield return in a thriving Texas market. The property's strong rental history and modern features make it a highly attractive investment prospect. The asking price is $1,845,000.

    Property Features for 2050 Taft St

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    2019

    HighLights

    • $1,845,000 asking price.
    • Special purpose property, built in 2019.
    • 16‑unit multifamily property (four 4‑plex buildings) in Weslaco, TX.
    • Fully rented with all appliances included.
    • Gated community with 32 covered parking spaces.
    • Units feature custom cabinets, quartz countertops, and ceramic tile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    HIDALGO
    State
    Texas
    Longitude
    -98.0101739
    Latitude
    26.1799826

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    FAQs

    What type of property is this?
    Specialty property - 16-Unit Multifamily, High Returns
    Where is this specialty property located?
    The property is located at 2050 Taft St Weslaco, TX.
    What is the asking price?
    The asking price for this property is $1,845,000.
    What are key features of this property?
    This property features: $1,845,000 asking price.; Special purpose property, built in 2019.; 16-unit multifamily property (four 4-plex buildings) in Weslaco, TX.
    Request Owner's contact information
    2050 Taft St 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
    2050 Taft St Weslaco, TX 78599
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