2705 Sage Dr Progreso Lakes, TX 78596
This exceptional multifamily investment opportunity presents a newly constructed four-plex located in the burgeoning Rio Stone subdivision of Weslaco, Texas. The property, situated at 2705 Sage Drive, boasts a generous 10,500 square foot lot and comprises two buildings. Construction is slated for completion around August 31st, 2024. The property features four units, offering a mix of spacious floor plans. Two units offer three bedrooms and two bathrooms, while the remaining two units provide two bedrooms and two bathrooms. Each unit boasts approximately 1,000-1,100 square feet of living space, showcasing modern finishes including quartz countertops and tile flooring throughout. Individual electric and water meters for each unit provide efficient utility management and potential for increased rental income. This property represents a compelling investment opportunity in a rapidly growing area, offering strong potential for rental income and appreciation. The asking price for this turnkey multifamily property is $495,000. Located in Hidalgo County, Texas, with a zip code of 78596, this property is ideally situated for both investors seeking strong returns and those looking for a low-maintenance, high-yield investment. Don't miss this chance to acquire a brand-new, high-quality multifamily property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.