2613 Sage Dr Weslaco, TX 78596

Property Details for 2613 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, four-unit apartment building located at 2613 Sage Dr, Weslaco, TX 78596. Built in 2024, this Class B multifamily property boasts 4,052 square feet across two one-story buildings situated on a 0.24-acre lot. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $43,211, resulting in an attractive 8.73% capitalization rate. The asking price is $495,000. The property is zoned residential and offers immediate cash flow due to its full occupancy. As a newly constructed property, maintenance costs are expected to be significantly lower than comparable older buildings. The modern design and high-quality finishes attract quality tenants, contributing to the property's strong performance. This Weslaco, Texas location offers convenient access to dining, shopping, and entertainment options, making it highly desirable for renters. The property's new construction also presents significant tax depreciation benefits, further enhancing its investment appeal. This is a low-maintenance, income-generating asset with strong potential for appreciation in a growing market. This is a turnkey investment opportunity perfect for adding to an existing portfolio or for a first-time multifamily investor. The property's features include modern finishes and energy-efficient design.