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    308 Retama Ln Weslaco, TX 78596

    For Sale
    $485,000

    Fourplex, 100% Occupied, Modern Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a fully leased fourplex located at 308 Retama Lane, Weslaco, Texas, 78596. Built in 2022, this property boasts two buildings situated on a generous 8,799 square foot lot. The four units are currently 100% occupied, providing immediate cash flow. The property comprises a mix of unit sizes: two units offer two bedrooms and two bathrooms, while the remaining two units feature one bedroom and one bathroom. Each unit showcases a desirable open floor plan, complemented by modern finishes including granite countertops, sleek white cabinetry, and modern lighting fixtures, including recessed lighting. All units are equipped with appliances and include carports. The property's prime location within a highly sought-after Weslaco subdivision ensures strong rental demand. Professional property management services are available as an option for continued streamlined operation. This turnkey investment is ideal for those seeking a stable and profitable addition to their portfolio. The asking price for this exceptional multifamily property is $485,000. Don't miss this chance to acquire a high-performing asset in a thriving Texas market.

    Property Features for 308 Retama Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Fully leased fourplex in Weslaco, TX.
    • Built in 2022, situated on an 8,799 sq ft lot.
    • 100% occupancy providing immediate cash flow.
    • Unit mix: two 2/2s and two 1/1s.
    • Modern finishes including granite countertops and stainless steel appliances.
    • All units include carports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9742206
    Latitude
    26.1600393

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 100% Occupied, Modern Units
    Where is this multifamily property located?
    The property is located at 308 Retama Ln Weslaco, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Fully leased fourplex in Weslaco, TX.; Built in 2022, situated on an 8,799 sq ft lot.; 100% occupancy providing immediate cash flow.
    Request Owner's contact information
    308 Retama Ln 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
    308 Retama Ln Weslaco, TX 78596
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