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    606 Buccaneer Dr Hidalgo, TX 78557

    For Sale
    $535,000

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

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a brand-new, four-unit apartment complex located at 606 Buccaneer Drive, Hidalgo, Texas, 78557. Completed in 2024, this property boasts two buildings situated on a spacious 11,200 square foot lot. Each of the four units includes modern amenities such as quartz countertops, tile flooring, and decorative ceilings. Adding to the appeal, each unit features a two-car carport. The property is fully fenced for enhanced security and privacy. A significant advantage for the rear units is their expansive backyards, measuring an impressive 15 feet deep by 40 feet wide. This property represents a unique opportunity in Hidalgo, Texas, as it is described as the only exclusive and secure four-plex residential development in the area. The asking price for this turnkey investment is $535,000. This property is ideally suited for investors seeking a high-return, low-maintenance multifamily investment in a desirable location. The combination of modern amenities, ample parking, and generous backyard space makes this property highly attractive to renters. Its location in Hidalgo, Texas, offers a strong potential for rental income and long-term appreciation.

    Property Features for 606 Buccaneer Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • $535,000 asking price.
    • Four‑unit multifamily apartment building.
    • Newly constructed in 2024.
    • Two buildings on an 11,200 sq ft lot.
    • Located at 606 Buccaneer Drive, Hidalgo, TX 78557.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Hidalgo
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2486449
    Latitude
    26.106468

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 4-unit apartment complex in Hidalgo, TX.
    Where is this multifamily property located?
    The property is located at 606 Buccaneer Dr Hidalgo, TX.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: $535,000 asking price.; Four-unit multifamily apartment building.; Newly constructed in 2024.
    Request Owner's contact information
    606 Buccaneer Dr Hidalgo, TX 78557
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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
    606 Buccaneer Dr Hidalgo, TX 78557
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