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    1412 Lore Dr Weslaco, TX 78599

    For Sale
    $495,000

    Brand new, 4-unit apartment complex in Weslaco, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a brand-new, four-unit apartment building located at 1412 Lore Drive, Weslaco, Texas, 78599. Completed in 2023, this property boasts two buildings situated on a generous 9,639.828 square foot lot. The property is offered at an asking price of $495,000. Each of the four units is move-in ready and designed for modern living, featuring spacious interiors and stylish quartz countertops in both the kitchens and bathrooms. The property's recent construction ensures minimal maintenance and immediate rental income potential. Its location in Weslaco, Hidalgo County, Texas provides access to a growing population and a strong rental market. This is an ideal investment for those seeking a turnkey multifamily property with high-quality finishes and immediate cash flow. The property's prime location and modern design make it an attractive option for tenants, promising strong occupancy rates. This is a rare opportunity to acquire a newly constructed multifamily property in a desirable Texas market. The property's size and layout offer excellent potential for long-term appreciation and rental income growth. Don't miss this chance to add a valuable asset to your investment portfolio.

    Property Features for 1412 Lore Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, four‑unit apartment building completed in 2023.
    • Located at 1412 Lore Drive, Weslaco, TX 78599, on a 9,639.828 sq ft lot.
    • Asking price: $495,000.
    • Four move‑in ready units with spacious interiors and quartz countertops.
    • Excellent rental income potential with minimal maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9613232
    Latitude
    26.1760826

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 4-unit apartment complex in Weslaco, TX.
    Where is this multifamily property located?
    The property is located at 1412 Lore Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Brand-new, four-unit apartment building completed in 2023.; Located at 1412 Lore Drive, Weslaco, TX 78599, on a 9,639.828 sq ft lot.; Asking price: $495,000.
    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
    1412 Lore Dr Weslaco, TX 78599
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