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    1634 Playa Dr Weslaco, TX 78596

    For Sale
    $505,000

    New 4-unit building, fully leased.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a brand-new, four-unit apartment building located at 1634 Playa Drive, Weslaco, Texas, 78596. Completed in 2023, this property boasts two 2-bedroom, 2-bathroom units and two 3-bedroom, 2-bathroom units, all currently leased, providing immediate cash flow. Situated on a spacious 10,149.044 square foot lot within a gated community, this property offers residents a secure and desirable living environment. The buildings themselves are meticulously constructed and feature high-quality finishes throughout. Each unit is equipped with modern amenities including tile flooring, elegant quartz countertops, a full suite of kitchen appliances, and a convenient in-unit washer and dryer. The property's location in Weslaco, Hidalgo County, Texas, offers easy access to local amenities and services. With its strong rental income and desirable features, this fourplex represents a compelling investment opportunity for discerning buyers seeking a stable and profitable addition to their portfolio. The asking price for this turnkey property is $505,000. This is a rare chance to acquire a newly constructed, fully leased multifamily property in a thriving Texas market.

    Property Features for 1634 Playa Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Buildings
    2
    Units
    4

    HighLights

    • New 4‑unit apartment building in Weslaco, TX.
    • Four units: two 2/2s and two 3/2s, all currently leased.
    • Located on a 10,149 sq ft lot in a gated community.
    • High‑quality finishes, including tile flooring and quartz countertops.
    • Each unit features modern appliances and in‑unit laundry.
    • Turnkey property with immediate cash flow, asking price $505,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9574463
    Latitude
    26.1422058

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    FAQs

    What type of property is this?
    Multifamily property - New 4-unit building, fully leased.
    Where is this multifamily property located?
    The property is located at 1634 Playa Dr Weslaco, TX.
    What is the asking price?
    The asking price for this property is $505,000.
    What are key features of this property?
    This property features: New 4-unit apartment building in Weslaco, TX.; Four units: two 2/2s and two 3/2s, all currently leased.; Located on a 10,149 sq ft lot in a gated community.
    Request Owner's contact information
    1634 Playa Dr 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
    1634 Playa Dr Weslaco, TX 78596
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