Current Use by Public Records
- Apartment buildings
Property Details for 4508 Mile 4 1/2
- Year built
- 2005
- Lot size
- 2.77 lot acres
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a three-unit apartment building situated on a spacious 2.77-acre lot in Weslaco, Texas, just outside city limits. Built in 2005, the property boasts a charming setting, enhanced by mature trees and a gazebo. The complex comprises three distinct units, offering a blend of residential comfort and income potential. Unit 1, a four-bedroom, two-bathroom residence, provides ample living space. Unit 2, a two-bedroom, two-bathroom unit, currently generates a monthly rental income of $1,325. Unit 3, a two-bedroom, one-bathroom unit, commands a monthly rent of $1,100. The property includes four parking spaces. The asking price for this turnkey multifamily investment is $425,000. This property offers a unique combination of residential living and income generation, making it an attractive proposition for discerning investors seeking a well-maintained, established property in a desirable location. The property's size and location provide significant potential for future development or expansion. With its established rental income and attractive features, this property represents a strong investment opportunity in the growing Weslaco market. The Hidalgo County location offers easy access to local amenities and transportation networks. This is a rare opportunity to acquire a well-maintained multifamily property with immediate income potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo county
- State
- Texas
- Longitude
- -97.9825
- Latitude
- 26.2031
