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    00 Brown St Mercedes, TX 78570

    Sponsored
    For Sale
    $89,000

    Fourplex Lots, Prime Weslaco Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents 44 fourplex lots totaling 11,433.193 square feet of land in the thriving city of Weslaco, Texas. Located at 00 Brown Street, Weslaco, TX 78570 (Hidalgo County), this property offers significant potential for substantial returns. The asking price for this entire portfolio of lots is $89,000, representing a compelling value in the current market. The property is classified as commercial and multifamily, specifically designated as a duplex/triplex/quadruplex development opportunity. This prime location within Weslaco, a city experiencing significant growth, makes this an attractive proposition for investors seeking to capitalize on the increasing demand for multifamily housing. The property's size and zoning allow for the development of multiple fourplex units, providing a substantial rental income stream. Given the current market conditions and Weslaco's growth trajectory, this is a rare chance to acquire a large parcel of land ideally suited for multifamily development at a highly competitive price. The coordinates for this property are latitude 26.1791692 and longitude -97.8939317. Don't miss this chance to secure a significant investment in a rapidly developing Texas market.

    Property Features for 00 Brown St

    General Information

    Property type
    Multifamily properties

    HighLights

    • 44 fourplex lots totaling 11,433.193 square feet in Weslaco, TX.
    • Asking price: $89,000.
    • Commercial and multifamily zoning; duplex/triplex/quadruplex development opportunity.
    • Prime Weslaco location, high demand for multifamily housing.
    • Significant rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Mercedes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.8939317
    Latitude
    26.1791692

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex Lots, Prime Weslaco Location
    Where is this multifamily property located?
    The property is located at 00 Brown St Mercedes, TX.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: 44 fourplex lots totaling 11,433.193 square feet in Weslaco, TX.; Asking price: $89,000.; Commercial and multifamily zoning; duplex/triplex/quadruplex development opportunity.
    Request Owner's contact information
    00 Brown St Mercedes, TX 78570
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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
    00 Brown St Mercedes, TX 78570
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