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    3121 Briggs St Weslaco, TX 78596

    For Sale
    $510,000

    New 4-unit apartment complex, great ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity awaits in the burgeoning Rio Meadows subdivision of Weslaco, Texas. This brand-new, 2024-constructed fourplex presents a compelling addition to any portfolio. Situated on a spacious 8,640 square foot lot (approximately 0.2 acres), the property comprises two buildings. Each building houses a 3-bedroom, 2-bathroom unit and a 2-bedroom, 2-bathroom unit, offering a diverse range of rental options. Unit sizes range from 1,000 to 1,100 square feet, boasting modern features such as sleek quartz countertops and tile flooring throughout for easy maintenance. Individual electric and water meters for each unit provide convenient management. This property represents a strong investment in a rapidly growing area of the Rio Grande Valley, offering significant potential for appreciation. Consider this asset for a 1031 exchange or a strategic year-end acquisition. Don't miss this chance to capitalize on the thriving Weslaco market. The property's location and modern amenities make it an attractive option for renters, ensuring strong occupancy rates and a steady income stream. The asking price is $510,000.

    Property Features for 3121 Briggs St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • $510,000 asking price.
    • Four‑unit multifamily apartment building.
    • New construction (2024).
    • Two buildings on a 0.24‑acre lot (8,640 sq ft).
    • Unit sizes range from 1,000 to 1,100 square feet.
    • Each unit features 2 or 3 bedrooms and 2 bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    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 - New 4-unit apartment complex, great ROI.
    Where is this multifamily property located?
    The property is located at 3121 Briggs St 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: $510,000 asking price.; Four-unit multifamily apartment building.; New construction (2024).
    Request Owner's contact information
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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
    3121 Briggs St Weslaco, TX 78596
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