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Property profile & analytics
OFF-MARKET
Apartment buildings

304 Retama Ln Weslaco, TX 78596

Built 2022
Property ID
Property summary
AI-generated overview

This exceptional multifamily investment opportunity presents a fully leased fourplex located at 304 Retama Lane, Weslaco, Texas, 78596. Built in 2022, this property sits on a generous 8,799 square foot lot and comprises two buildings, offering a total of four units. The unit mix includes two two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. Each unit boasts an attractive open floor plan, modern flooring, granite countertops throughout, stylish modern lighting fixtures (including recessed lighting), and sleek white cabinetry. Appliances are included in each unit, and carports provide convenient parking. The property benefits from its prime location within a highly desirable Weslaco subdivision. Currently operating at 100% occupancy, this property presents a strong, immediate return on investment. The option of utilizing professional property management services is also available, ensuring seamless operation and maximizing rental income. This turnkey investment is priced at $485,000 and represents a rare opportunity to acquire a high-quality, fully occupied multifamily property in a thriving Texas market. The property's modern finishes and desirable location make it an attractive option for tenants, ensuring long-term stability and rental income. Don't miss this chance to add a valuable asset to your portfolio.

Property profile
Verified
Property type Apartment buildings
Year built 2022
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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