2701 Sage Dr Weslaco, TX 78596

Property Details for 2701 Sage Dr

Year built

2024

Lot size

0.24 lot acres

Property size

4,052 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a brand-new, fully occupied four-unit apartment building located at 2701 Sage Dr, Weslaco, TX 78596. Built in 2024, this Class B multifamily property boasts 4,052 square feet of net rentable space across two single-story buildings situated on a 0.24-acre lot. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $43,211, resulting in an attractive 8.73% capitalization rate. Each of the four units features modern, high-quality finishes, appealing to renters seeking comfortable and attractive living spaces. The property's prime location near popular dining, shopping, and entertainment options enhances its desirability and ensures consistent tenant demand. This stabilized investment offers immediate cash flow, minimizing vacancy concerns and maximizing return. The new construction significantly reduces the likelihood of costly repairs and maintenance, further enhancing the property's financial performance. The property is zoned residential and presents a low-maintenance addition to any investment portfolio, offering significant tax depreciation benefits and strong appreciation potential in a rapidly growing market. This is a turnkey investment opportunity with immediate cash flow and long-term growth prospects. The asking price for this exceptional property is $495,000.