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    2901 Charlie Rd Weslaco, TX 78596

    For Sale
    $445,000

    New Construction, 4 Units, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a brand-new, four-unit apartment building in Weslaco, Texas's desirable Dominions Subdivision. Completed in 2024, this property boasts two separate buildings situated on a spacious 9,029 square foot lot. The ideal location, just off Highway 83 between N Midway Road and Milano Road, provides easy access to a wealth of dining, shopping, and entertainment venues. Each building offers a mix of unit sizes: one 3-bedroom, 2-bathroom unit and one 2-bedroom, 2-bathroom unit, maximizing rental income potential. The property's location within a gated community adds an extra layer of security and desirability for tenants. The asking price is $445,000, representing a compelling entry point for investors seeking a strong return on investment in a thriving Texas market. This turnkey property is ready for immediate income generation, making it an attractive option for both seasoned investors and those just starting to build their real estate portfolios. The property's new construction status ensures minimal maintenance and upkeep in the near future, further enhancing its appeal. Don't miss this chance to acquire a high-yield, low-maintenance multifamily property in a prime Weslaco location. The property is located at 2901 Charlie Road, Weslaco, TX 78596.

    Property Features for 2901 Charlie Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.991986
    Latitude
    26.1385465

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    FAQs

    What type of property is this?
    Multifamily property - New Construction, 4 Units, High ROI Potential
    Where is this multifamily property located?
    The property is located at 2901 Charlie Rd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $445,000.
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    2901 Charlie Rd 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
    2901 Charlie Rd Weslaco, TX 78596
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