Weslaco, TX 78596
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details
- Year built
- 2023
- Property type
- Apartment buildings
Description
Exceptional investment opportunity: a newly constructed (2023) two-unit apartment building in Weslaco, Texas, is available for purchase at $1,000,000. This property boasts a projected 10% capitalization rate, making it an attractive addition to any portfolio. Situated in Hidalgo County, this quadplex (one of 22) is part of a gated community, offering residents a secure and desirable living environment. Each unit features luxurious finishes including 13-foot ceilings, quartz countertops, and tile flooring, minimizing maintenance and maximizing appeal. The stucco exterior contributes to the contemporary aesthetic. Energy-efficient construction ensures lower utility costs for tenants. The property includes 16 parking spaces, a significant advantage in this location. Its convenient location near Interstate Hwy 2, Weslaco High School, and various amenities, including restaurants and shopping centers, enhances its rental potential. The property's APN is 1234123412. This is a pre-construction sale, offering a chance to acquire a high-quality asset in a rapidly growing Texas city. This represents a rare opportunity to own a piece of Weslaco's thriving real estate market. Don't miss this chance to acquire a high-yield investment property in a prime 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
- State
- Texas
- Longitude
- -98.0066
- Latitude
- 26.1697
