2050 Taft St Weslaco, TX 78599
This exceptional 16-unit multifamily property in Weslaco, Texas, presents a compelling investment opportunity. Located at 2050 Taft St., this gated community comprises four fourplex buildings, all constructed in 2019 and currently fully rented, generating immediate income. The property boasts 32 covered rear parking spaces, ensuring ample parking for residents. Each unit is equipped with modern amenities including custom cabinets, quartz countertops, and ceramic tile flooring. Eight units offer three bedrooms, while the remaining eight units feature two bedrooms. All units include appliances, enhancing their appeal to tenants. The property also features an automatic sprinkler system and private back patios enclosed by privacy fences, adding to the overall desirability and value. The property is situated in Hidalgo County, Texas, with a zip code of 78599, offering convenient access to local amenities and services. This turnkey investment is ideal for those seeking a stable, high-yield return in a thriving Texas market. The property's strong rental history and modern features make it a highly attractive investment prospect. The asking price is $1,845,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.