3019 Mile 11 Weslaco, TX 78599
- Apartment buildings
- 2.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3019 Mile 11
- Year built
- 2009
- Lot size
- 2.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional 16-unit apartment complex presents a compelling investment opportunity in the rapidly developing Hidalgo, Texas area. Situated on a spacious 2-acre lot at 3019 E Mile 11, Weslaco, TX 78599, this property comprises eight individual buildings constructed in 2009. The complex offers significant upside potential, with room for rental increases despite already steadily growing income. All appliances are included in the sale. The property's prime location provides convenient access to essential amenities, including grocery stores, restaurants, Pinos Hardware Store, and major roadways like Mile 11 and Farm Road 1015. Strong rental demand in this high-growth region makes this an ideal investment for those seeking substantial returns. The asking price is $1,450,000. This property is particularly well-suited for 1031 exchange buyers looking for a strong, income-producing asset in a thriving market. The property's location in Hidalgo County, Texas, offers investors exposure to a dynamic and expanding region. The existing infrastructure and proximity to key services further enhance the property's appeal and potential for long-term growth. This is a rare chance to acquire a well-maintained, income-generating multifamily property with considerable potential for appreciation.
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
- State
- Texas
- Longitude
- -97.9622
- Latitude
- 26.2145
