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    1408 Marcela Dr Weslaco, TX 78599

    Sponsored
    For Sale
    $510,000

    High-yield multifamily property in Weslaco, TX

    Property size:
    4,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    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 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

    HighLights

    • 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.
    • New construction (2024), Class B multifamily, located at 1408 Marcela Drive, Weslaco, TX 78599 (APN: V3150‑00‑000‑0004‑00).
    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.
    Request Owner's contact information
    1408 Marcela Dr Weslaco, TX 78599
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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
    1408 Marcela Dr Weslaco, TX 78599
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