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    304 Retama Ln Weslaco, TX 78596

    For Sale
    $485,000

    Fourplex, 4 Units, 100% Occupied

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional multifamily investment opportunity presents a fully leased fourplex located at 304 Retama Lane, Weslaco, Texas, 78596. Built in 2022, this property sits on a generous 8,799 square foot lot and comprises two buildings, offering a total of four units. The unit mix includes two two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. Each unit boasts an attractive open floor plan, modern flooring, granite countertops throughout, stylish modern lighting fixtures (including recessed lighting), and sleek white cabinetry. Appliances are included in each unit, and carports provide convenient parking. The property benefits from its prime location within a highly desirable Weslaco subdivision. Currently operating at 100% occupancy, this property presents a strong, immediate return on investment. The option of utilizing professional property management services is also available, ensuring seamless operation and maximizing rental income. This turnkey investment is priced at $485,000 and represents a rare opportunity to acquire a high-quality, fully occupied multifamily property in a thriving Texas market. The property's modern finishes and desirable location make it an attractive option for tenants, ensuring long-term stability and rental income. Don't miss this chance to add a valuable asset to your portfolio.

    Property Features for 304 Retama Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Fully leased fourplex in desirable Weslaco, TX subdivision.
    • New construction (2022) on an 8,799 sq ft lot.
    • Four units total: two 2/2s and two 1/1s.
    • Modern finishes including granite countertops, modern lighting, and white cabinetry.
    • 100% occupancy, offering immediate return on investment.
    • Priced at $485,000.
    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
    -97.9742222
    Latitude
    26.1603419

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 4 Units, 100% Occupied
    Where is this multifamily property located?
    The property is located at 304 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 desirable Weslaco, TX subdivision.; New construction (2022) on an 8,799 sq ft lot.; Four units total: two 2/2s and two 1/1s.
    Request Owner's contact information
    304 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
    304 Retama Ln Weslaco, TX 78596
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