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    400 Retama Ln Weslaco, TX 78596

    For Sale
    $485,000

    Fourplex, 100% Occupied, Modern Finishes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional multifamily investment property, located at 400 Retama Lane in Weslaco, Texas, presents a rare opportunity to acquire a fully leased, newly constructed fourplex. Built in 2022, this property boasts two buildings situated on a generous 8,799 square foot lot. The four units are comprised of two 2-bedroom, 2-bathroom units and two 1-bedroom, 1-bathroom units, offering a diverse mix of rental options. Each unit showcases a desirable open floor plan, complemented by modern features including granite countertops, sleek white cabinetry, modern lighting fixtures (including recessed lighting), and modern flooring. Appliances are included in each unit, and carports provide convenient parking. The property's prime location within a highly sought-after Weslaco subdivision ensures strong rental demand. Currently operating at 100% occupancy, this fourplex presents a stable and attractive investment. The option of utilizing professional property management services is available, further enhancing the ease and efficiency of ownership. This turnkey investment is priced at $485,000 and offers immediate cash flow potential. The property's excellent condition, desirable features, and strong rental market position it as an ideal addition to any investment portfolio. Located in Hidalgo County, Texas, with a zip code of 78596, this property is conveniently situated in Weslaco.

    Property Features for 400 Retama Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2022
    Buildings
    2
    Units
    4

    HighLights

    • Newly constructed fourplex in Weslaco, TX (built 2022).
    • Fully leased, offering immediate cash flow.
    • Four units: two 2/2s and two 1/1s, all with modern finishes (granite, white cabinetry).
    • Located on an 8,799 sq ft lot in a desirable Weslaco subdivision.
    • Priced at $485,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.974156
    Latitude
    26.1598751

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 100% Occupied, Modern Finishes
    Where is this multifamily property located?
    The property is located at 400 Retama Ln Weslaco, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Newly constructed fourplex in Weslaco, TX (built 2022).; Fully leased, offering immediate cash flow.; Four units: two 2/2s and two 1/1s, all with modern finishes (granite, white cabinetry).
    Request Owner's contact information
    400 Retama Ln 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
    400 Retama Ln Weslaco, TX 78596
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