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    700 Oriole Rd Weslaco, TX 78596

    For Sale
    $490,000

    Four-unit apartment building, new construction.

    Property size:
    4,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional investment opportunity in Weslaco, Texas, presents a brand-new, four-unit apartment building situated on a 9,360 square foot lot. This gated community, known as Pike Terrace, boasts a prime location at the corner of Pike Blvd and Milano Rd, offering easy access to schools, shopping, dining, and other amenities. The 4,080 square foot property comprises a mix of one, two, and three-bedroom units, each designed with modern living in mind. Features include contemporary flooring, stylish kitchen bars, high-end cabinetry, elegant quartz countertops, and energy-efficient LED lighting. Master bedrooms feature spacious walk-in closets, and master bathrooms include frameless shower doors. Currently under construction, with completion estimated for March-April 2025, the property includes carports. This turnkey investment is priced at $490,000 and represents a compelling opportunity for investors seeking a high-return property in a thriving Texas market. Note that provided images are for illustrative purposes only, as the property is still under construction. The property consists of two buildings.

    Property Features for 700 Oriole Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,080 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Units
    4

    HighLights

    • Brand‑new, four‑unit apartment building in Weslaco, TX.
    • Located on a 9,360 sq ft lot at Pike Blvd & Milano Rd.
    • 4,080 sq ft building with a mix of one, two, and three‑bedroom units.
    • Modern finishes including quartz countertops, LED lighting, and walk‑in closets.
    • Estimated completion March‑April 2025; includes carports.
    • Turnkey investment priced at $490,000.
    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 - Four-unit apartment building, new construction.
    Where is this multifamily property located?
    The property is located at 700 Oriole Rd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: Brand-new, four-unit apartment building in Weslaco, TX.; Located on a 9,360 sq ft lot at Pike Blvd & Milano Rd.; 4,080 sq ft building with a mix of one, two, and three-bedroom units.
    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
    700 Oriole Rd Weslaco, TX 78596
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