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    Weslaco, TX 78596

    For Sale
    $1,000,000

    High-Cap Rate Multifamily Property in Weslaco, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity: a newly constructed (2023) two-unit apartment building in Weslaco, Texas, is available for purchase at $1,000,000. This property boasts a projected 10% capitalization rate, making it an attractive addition to any portfolio. Situated in Hidalgo County, this quadplex (one of 22) is part of a gated community, offering residents a secure and desirable living environment. Each unit features luxurious finishes including 13-foot ceilings, quartz countertops, and tile flooring, minimizing maintenance and maximizing appeal. The stucco exterior contributes to the contemporary aesthetic. Energy-efficient construction ensures lower utility costs for tenants. The property includes 16 parking spaces, a significant advantage in this location. Its convenient location near Interstate Hwy 2, Weslaco High School, and various amenities, including restaurants and shopping centers, enhances its rental potential. The property's APN is 1234123412. This is a pre-construction sale, offering a chance to acquire a high-quality asset in a rapidly growing Texas city. This represents a rare opportunity to own a piece of Weslaco's thriving real estate market. Don't miss this chance to acquire a high-yield investment property in a prime location.

    Property Features for 0

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2023
    Stories
    1
    Units
    2

    HighLights

    • $1,000,000 asking price.
    • Multifamily apartment building investment opportunity.
    • 10% projected cap rate.
    • Two‑unit building, constructed in 2023.
    • Located in Weslaco, TX (78596), Hidalgo County.
    • 16 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0066295
    Latitude
    26.1696579

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    FAQs

    What type of property is this?
    Multifamily property - High-Cap Rate Multifamily Property in Weslaco, TX
    Where is this multifamily property located?
    The property is located at Weslaco, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price.; Multifamily apartment building investment opportunity.; 10% projected cap rate.
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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
    Weslaco, TX 78596
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