2705 Sage Dr Weslaco, TX 78596
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2705 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 leased four-unit apartment building located at 2705 Sage Drive, Weslaco, TX 78596. Built in 2024, this Class B multifamily property boasts 4,052 square feet of net rentable space across two one-story buildings situated on a 0.24-acre lot. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $42,911, resulting in an attractive 8.67% capitalization rate. The asking price is $495,000. Each of the four units features modern, high-quality finishes, ensuring tenant satisfaction and minimizing vacancy risk. The property's prime location near dining, shopping, and entertainment options enhances its appeal to renters. This stabilized investment offers immediate cash flow, reduced maintenance costs due to its new construction, and significant tax depreciation benefits. The property is zoned for residential use and presents strong potential for appreciation in a rapidly growing market. This low-maintenance asset is an ideal addition to any investment portfolio seeking consistent returns and long-term value growth. Don't miss this chance to acquire a high-performing, income-generating property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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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
- State
- Texas
- Longitude
- -98.0169
- Latitude
- 26.1454
