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    1408 Marcela Dr Weslaco, TX 78599

    For Sale
    $510,000

    Four-unit apartment building, excellent rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity in Weslaco, Texas, presents a newly constructed (2024) four-unit apartment building situated on a sizable 11,251.98 square foot lot. The property comprises two buildings, each housing two distinct units. Two units offer a comfortable two-bedroom, two-bathroom layout, while the remaining two units provide more spacious three-bedroom, two-bathroom living arrangements. This configuration provides a diverse range of rental options, maximizing potential rental income. The property's location at 1408 Marcela Drive, Weslaco, TX 78599, offers convenient access to local amenities and services. The asking price for this turnkey investment is $510,000. This represents a compelling opportunity for investors seeking a strong return on investment in a thriving Texas market. The property's recent construction ensures minimal maintenance needs and long-term value. The combination of desirable unit sizes and a prime location makes this a highly attractive investment prospect. This property is ready for immediate income generation.

    Property Features for 1408 Marcela Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • $510,000 asking price.
    • Four‑unit multifamily property.
    • Two 2/2 units and two 3/2 units.
    • Newly constructed in 2024.
    • Two buildings on an 11,251 square foot lot.
    • Located at 1408 Marcela Drive, Weslaco, TX 78599.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9604296
    Latitude
    26.1759678

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, excellent rental income.
    Where is this multifamily property located?
    The property is located at 1408 Marcela Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: $510,000 asking price.; Four-unit multifamily property.; Two 2/2 units and two 3/2 units.
    Request Owner's contact information
    1408 Marcela Dr 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
    1408 Marcela Dr Weslaco, TX 78599
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