2008 Taft St Weslaco, TX 78599
- Apartment buildings
- 1 SF
- 0.21 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2008 Taft St
- Year built
- 2019
- Lot size
- 0.21 lot acres
- Property size
- 1 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional investment opportunity presents a fully rented fourplex located at 2008 Taft Street, Weslaco, Texas, 78599. Built in 2019, this Class B multifamily property boasts a desirable 8.00% cap rate and an asking price of $475,000. The property comprises two buildings situated on a 0.211-acre lot, offering a total of eight parking spaces. The four units are currently generating income, with three available for rent and one potentially owner-occupied. Unit configurations include a mix of two-bedroom and three-bedroom apartments, all featuring modern amenities. These amenities include custom cabinets, quartz countertops, and ceramic tile flooring. Residents enjoy added convenience with gated community access, covered rear parking, and private back patios enclosed by privacy fences. An automatic sprinkler system further enhances the property's appeal. This turnkey investment is ideal for those seeking a strong return on investment in a thriving Texas market. The property's newer construction and high occupancy rate make it a particularly attractive proposition. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable location.
Value Estimation
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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 county
- State
- Texas
- Longitude
- -98.0101
- Latitude
- 26.1798
