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    1401 Beverly Ave Weslaco, TX 78596

    Sponsored
    For Sale
    $489,000

    New Construction, 4 Units, High ROI

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional fourplex presents a compelling investment opportunity in the desirable Rio Stone subdivision of Weslaco, Texas. Completed in 2024, this property boasts a total of 4,200 square feet situated on a 0.24-acre lot (APN: R3148-01-000-0010-00). The single-story structure comprises two separate buildings, each housing two units. One building features a 3-bedroom, 2-bathroom unit and the other a 2-bedroom, 2-bathroom unit. This thoughtfully designed property offers spacious interiors and a sleek, modern aesthetic, perfectly suited for today's renters. Its prime location provides convenient access to Weslaco East High School, Knapp Medical Center, and a wealth of shopping and dining options, ensuring high occupancy rates and strong rental income. The asking price is $489,000, representing a significant return on investment in a rapidly growing area. This property is an ideal addition to any investment portfolio, offering both immediate income potential and long-term appreciation. The address is 1401 Beverly Avenue, Progreso Lakes, TX 78596. Don't miss this chance to secure a lucrative investment in a thriving Texas community.

    Property Features for 1401 Beverly Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,200 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    2024
    Stories
    1
    Units
    4

    HighLights

    • $489,000 asking price.
    • Four‑unit multifamily property.
    • 4,200 square feet.
    • New construction (2024).
    • One‑story building on a 0.24‑acre lot in Progreso Lakes, TX.
    • Located near Weslaco East High School and Knapp Medical Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Where is this multifamily property located?
    The property is located at 1401 Beverly Ave Weslaco, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: $489,000 asking price.; Four-unit multifamily property.; 4,200 square feet.
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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
    1401 Beverly Ave Weslaco, TX 78596
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