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    1404 Vani Dr Weslaco, TX 78599

    For Sale
    $485,000

    Fully Leased 4-plex, Prime Location

    Property size:
    4,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity: a fully leased four-plex in a gated Weslaco, TX subdivision, conveniently located near schools, shopping, and restaurants. This 2023-built property boasts 4,050 square feet across two buildings situated on a 9,638.95 square foot lot. The property features a desirable modern open-concept floor plan with wood-like tile throughout. Two units offer 2 bedrooms and 2 bathrooms, while the other two units provide 3 bedrooms and 2 bathrooms. Each unit includes a private fenced backyard, stainless steel appliances, and a washer and dryer. Kitchens feature custom, high-ceiling cabinets, modern quartz countertops, and large islands with ample cabinet space. Master bedrooms are spacious, with large bathrooms featuring frameless glass showers and walk-in closets. Eight carport spaces are included. Tenants are responsible for their own water, electricity, trash, cable, and internet services, ensuring immediate cash flow for the investor. Asking price is $485,000. Don't miss this chance to acquire a high-performing multifamily property in a thriving Texas market.

    Property Features for 1404 Vani Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,050 SF

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • $485,000 asking price.
    • Four‑unit multifamily apartment building.
    • 4,050 square feet.
    • Built in 2023.
    • Located in a gated Weslaco, TX subdivision near schools, shopping, and restaurants.
    • Two 2‑bedroom/2‑bathroom units and two 3‑bedroom/2‑bathroom units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9630769
    Latitude
    26.175739

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    FAQs

    What type of property is this?
    Multifamily property - Fully Leased 4-plex, Prime Location
    Where is this multifamily property located?
    The property is located at 1404 Vani Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: $485,000 asking price.; Four-unit multifamily apartment building.; 4,050 square feet.
    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
    1404 Vani Dr Weslaco, TX 78599
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