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    1309 Gonzalez Rd Weslaco, TX 78596

    For Sale
    $285,000

    Fourplex, 4 Units, High Rental Income Potential

    Property size:
    2,279 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional fourplex investment property, located at 1309 N Gonzalez Road in Weslaco, Texas, presents a compelling opportunity for savvy investors. Built in 1995, the property boasts a total of 2,279 square feet situated on a generous 8,049.88 square foot lot. The property consists of four individual apartment units, each offering a comfortable living space. Each unit features a living room, a dining area, two bedrooms, and one bathroom. Stoves are included in all units, with refrigerators provided in two. The property's location in the peaceful outskirts of Mercedes, TX offers residents a tranquil environment while maintaining convenient access to essential amenities. The strong rental income potential makes this a highly attractive investment, whether you are an experienced investor looking to expand your portfolio or a first-time investor seeking a solid return. The asking price for this turnkey investment is $285,000. This property represents a rare opportunity to acquire a well-maintained multifamily property in a desirable location with significant upside potential. Don't miss out on this chance to add a valuable asset to your investment holdings. The property is situated in Hidalgo County, Texas, zip code 78596.

    Property Features for 1309 Gonzalez Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,279 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Units
    4

    HighLights

    • Fourplex investment property in Weslaco, TX.
    • 2,279 square feet on an 8,049.88 square foot lot.
    • Four 2/1 units, each with living and dining areas; stoves included, refrigerators in two units.
    • Turnkey investment opportunity for $285,000.
    • Located in Hidalgo County, TX, zip code 78596.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Food Market Accounting Firm Storage Facility Bar & Pub Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weslaco
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9431383
    Latitude
    26.1054401

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, 4 Units, High Rental Income Potential
    Where is this multifamily property located?
    The property is located at 1309 Gonzalez Rd Weslaco, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Fourplex investment property in Weslaco, TX.; 2,279 square feet on an 8,049.88 square foot lot.; Four 2/1 units, each with living and dining areas; stoves included, refrigerators in two units.
    Request Owner's contact information
    1309 Gonzalez Rd Weslaco, TX 78596
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    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
    1309 Gonzalez Rd Weslaco, TX 78596
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