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    3918 Las Vistas Weslaco, TX 78596

    For Sale
    $530,000

    Six-unit apartment complex, excellent condition.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a six-unit apartment complex ideally situated in Weslaco, Texas, at 3918 Las Vistas Lane, zip code 78596. Built in 2021, this property comprises two buildings on a spacious 21,012.91 square foot lot. The complex currently boasts six fully leased units, offering immediate cash flow for the discerning investor. Each unit is a condo-style apartment featuring a private backyard, providing tenants with desirable outdoor space. An additional community lot is available for tenant use, perfect for barbecues, children's play, or pet areas. Alternatively, subject to HOA approval and necessary permits, this extra lot presents potential for expansion, allowing for the construction of additional units or an entertainment area. The apartments are meticulously maintained, featuring no carpeting, and benefit from a convenient location close to expressways. The asking price for this turnkey investment is $530,000. This property represents a rare opportunity to acquire a high-performing, well-maintained multifamily asset in a desirable Texas location. The strong tenant base and potential for future development make this an attractive proposition for both seasoned and new investors seeking a stable and potentially growing income stream.

    Property Features for 3918 Las Vistas

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    6

    HighLights

    • $530,000 asking price.
    • Six‑unit multifamily property.
    • 2021 construction.
    • Two buildings on a 21,012.91 sq ft lot.
    • Located at 3918 Las Vistas, Weslaco, TX 78596.
    • Currently fully leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.952868
    Latitude
    26.1449072

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment complex, excellent condition.
    Where is this multifamily property located?
    The property is located at 3918 Las Vistas Weslaco, TX.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: $530,000 asking price.; Six-unit multifamily property.; 2021 construction.
    Request Owner's contact information
    3918 Las Vistas 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
    3918 Las Vistas Weslaco, TX 78596
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