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    2701 Midway Rd Weslaco, TX 78596

    For Sale
    $725,000

    13-Unit Apartment Complex, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional multifamily investment opportunity presents a 13-unit apartment building situated on a spacious 1.01-acre lot in Weslaco, Texas. Constructed in 2007, the property comprises two buildings, offering a blend of convenience and potential for strong returns. The complex boasts a total of 13 individual apartment units, providing a substantial rental income stream. Located at 2701 S Midway Road, Weslaco, TX 78596, this property benefits from its strategic location within the city. The property's solid construction and relatively recent build date minimize the need for immediate major capital expenditures, allowing investors to focus on maximizing rental income and occupancy rates. The substantial lot size offers potential for future expansion or development, adding further value to this already attractive investment. With its proven track record of generating income and its promising location, this property represents a compelling opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The property is zoned for multifamily use and is ready for immediate occupancy. Financial records are available upon request, providing detailed information on the property's performance and financial history. This is a turnkey investment ready for a new owner to step in and continue the success. This is an excellent opportunity to acquire a well-maintained, income-producing property in a growing Texas market.

    Property Features for 2701 Midway Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    43,996 SF

    Building Details

    Year Built
    2007
    Buildings
    2
    Units
    13

    HighLights

    • $725,000 asking price.
    • 13‑unit multifamily apartment building.
    • Two buildings on a 1.01‑acre lot.
    • Built in 2007.
    • Located at 2701 S Midway Road, Weslaco, TX 78596.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midway Apartment Apartment Building

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Daycare Center Convenience Store Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    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 - 13-Unit Apartment Complex, High ROI Potential
    Where is this multifamily property located?
    The property is located at 2701 Midway Rd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: $725,000 asking price.; 13-unit multifamily apartment building.; Two buildings on a 1.01-acre lot.
    Request Owner's contact information
    2701 Midway Rd 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
    2701 Midway Rd Weslaco, TX 78596
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