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Property profile & analytics
OFF-MARKET
Apartment buildings

300 Retama Ln Weslaco, TX 78596

Built 2022
Property ID
Property summary
AI-generated overview

This exceptional Weslaco, Texas investment property presents a rare opportunity to acquire a fully leased fourplex apartment building. Built in 2022, this meticulously maintained property boasts two buildings situated on a spacious 9,300 square foot lot at 300 Retama Lane, zip code 78596. The property comprises four units, offering a mix of spacious floor plans. Two units feature two bedrooms and two bathrooms, while the remaining two units provide one bedroom and one bathroom each. All units showcase modern design elements, including open layouts, contemporary flooring, elegant granite countertops throughout, stylish modern lighting fixtures (including recessed lighting), and sleek white cabinetry. Appliances are included in each unit, and convenient carports are provided. The property benefits from its prime location within a highly desirable Weslaco subdivision. Currently operating at 100% occupancy, this turnkey investment offers immediate cash flow. Professional property management services are available as an option, ensuring seamless operation and maximizing return on investment. This is an exceptional opportunity for investors seeking a high-performing, low-maintenance multifamily asset in a thriving Texas market. The asking price for this remarkable property is $485,000.

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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