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    1409 Beverly Ave Weslaco, TX 78596

    Sponsored
    For Sale
    $489,900

    New Construction, 4 Units, High ROI Potential

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional fourplex, newly constructed in 2024, presents a compelling investment opportunity in Weslaco, Texas. Located in the desirable Rio Stone subdivision, this property boasts convenient access to Weslaco East High School, Knapp Medical Center, and numerous shopping and dining options. The 4,200 square foot property sits on a 0.24-acre lot (APN: R3148-01-000-0011-00) and features four units across two buildings. Each building houses two units; one 3-bedroom, 2-bathroom unit and one 2-bedroom, 2-bathroom unit. The single-story design offers modern, spacious interiors, crafted for comfortable living. The property's prime location within a thriving community ensures high occupancy rates and strong rental income potential, making it an ideal addition to any investment portfolio. The asking price is $489,900. This turnkey investment property is ready for immediate income generation. The property's address is 1409 Beverly Avenue, Progreso Lakes, TX 78596. Don't miss this chance to secure a lucrative investment in a rapidly growing area.

    Property Features for 1409 Beverly Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,200 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    2024
    Stories
    1
    Units
    4

    HighLights

    • $489,900 Asking Price
    • Fourplex (4 units) Multifamily Property
    • 4,200 Square Feet
    • New Construction (2024)
    • One‑story building on a 0.24‑acre lot in Progreso Lakes, TX (78596)
    • Located near Weslaco East High School and Knapp Medical Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 Construction, 4 Units, High ROI Potential
    Where is this multifamily property located?
    The property is located at 1409 Beverly Ave Weslaco, TX.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: $489,900 Asking Price; Fourplex (4 units) Multifamily Property; 4,200 Square Feet
    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
    1409 Beverly Ave Weslaco, TX 78596
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