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    Weslaco, TX 78596

    For Sale
    $500,000

    88 Units, High-Cap Rate Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 88-unit apartment building, completed in 2023, presents a compelling investment opportunity in Weslaco, Texas. Located in Hidalgo County, zip code 78596, this single-story complex boasts a projected cap rate exceeding 10%. The property features contemporary design elements throughout, including 13-foot ceilings, luxurious quartz countertops, and tile flooring in each unit. The stucco exterior contributes to both aesthetic appeal and low-maintenance upkeep. Energy-efficient construction ensures lower utility costs for residents, aligning with sustainable living practices. Situated in a gated community near Interstate Hwy 2, this location offers convenient access to Weslaco High School, restaurants, entertainment, and shopping. The property's APN is 12341234123. This pre-construction sale offers a chance to acquire a high-yield multifamily asset in a rapidly growing area. The asking price is $500,000. This is an unparalleled opportunity for investors seeking strong returns in a thriving Texas market. The property's prime location and modern amenities are sure to attract tenants, ensuring a steady stream of income. Don't miss this chance to own a piece of Weslaco's vibrant future.

    Property Features for 0

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Stories
    1
    Units
    88

    HighLights

    • New 88‑unit apartment complex in Weslaco, TX (Zip 78596).
    • Projected cap rate exceeding 10%.
    • Contemporary design with 13‑foot ceilings, quartz countertops, and tile flooring.
    • Stucco exterior, energy‑efficient construction, and gated community.
    • Convenient location near I‑2, Weslaco High School, and amenities.
    • APN: 12341234123; Asking price: $500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0066295
    Latitude
    26.1696579

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    FAQs

    What type of property is this?
    Multifamily property - 88 Units, High-Cap Rate Investment
    Where is this multifamily property located?
    The property is located at Weslaco, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: New 88-unit apartment complex in Weslaco, TX (Zip 78596).; Projected cap rate exceeding 10%.; Contemporary design with 13-foot ceilings, quartz countertops, and tile flooring.
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    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
    Weslaco, TX 78596
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