1408 Marcela Dr Weslaco, TX 78599
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High-yield multifamily property in Weslaco, TX
Property size:
4,080 SFProperty Features for 1408 Marcela Dr
General Information
- Property type
- Multifamily properties
- Square Feet
- 4,080 SF
- Class
- B
Building Details
- Year Built
- 2024
- Buildings
- 2
- Stories
- 1
- Units
- 4
Listing Agency: Alliance Real Estate Group Listing Agent: Fernando Pacheco
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 4-unit apartment building located at 1408 Marcela Drive, Weslaco, Texas, 78599. The property, built in 2024, consists of two 2-bedroom, 2-bathroom units and two 3-bedroom, 2-bathroom units, totaling 4,080 square feet on an 11,250 square foot lot. The asking price is $510,000, translating to $127,500 per unit and $125 per square foot. Currently operating at 25% occupancy, the property boasts a projected annual Net Operating Income (NOI) of $41,424, resulting in a pro-forma cap rate of 8.12%. The property is classified as a Class B multifamily building with a permitted multi-family zoning designation (APN: V3150-00-000-0004-00). The property features two buildings, each one story high, and includes one additional pad. Detailed financial information is available to support the strong investment potential. This owner-user investment opportunity is situated in Hidalgo County and offers a stable revenue stream with potential for increased income through higher occupancy. The property is meticulously maintained, reflecting pride of ownership and promising a positive return on investment. This is a turnkey opportunity for investors seeking a strong performing asset in a growing Texas market.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.958697747387
- Latitude
- 26.176101223115
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FAQs
What type of property is this?
Multifamily property - High-yield multifamily property in Weslaco, TX
Where is this multifamily property located?
The property is located at 1408 Marcela Dr Weslaco, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 8.12% Pro Forma Cap Rate, generating $41,424 annual NOI.; $510,000 asking price, $127,500 per unit, $125 per square foot.; Four-unit apartment building, two 2/2 units and two 3/2 units, totaling 4,080 square feet on an 11,250 square foot lot.
