904 Pleasantview Dr Weslaco, TX 78596
- Apartment buildings
- 3,636 SF
- 0.20 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 904 Pleasantview Dr
- Year built
- 2024
- Lot size
- 0.20 lot acres
- Property size
- 3,636 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a brand-new, four-unit apartment building located at 904 Pleasant View Drive, Weslaco, Texas 78596. Completed in 2024, this Class B multifamily property boasts a total of 3,636 square feet across two buildings, each two stories high, situated on a 0.2-acre lot. The property is currently stabilized, offering immediate cash flow with all four units occupied. Each unit is modernly designed and move-in ready, contributing to low maintenance costs and high tenant desirability. The asking price is $449,000, translating to $116,500 per unit and a price per square foot of $128.16. The property's strong financial performance is reflected in its projected net operating income (NOI) of $41,500, resulting in a pro-forma capitalization rate of 9.24%. This property offers significant tax advantages through depreciation benefits associated with new construction. Its location in a rapidly growing area provides excellent access to dining, shopping, and entertainment options, enhancing tenant appeal and contributing to potential appreciation. This is a turnkey investment opportunity with immediate cash flow and long-term growth potential. The property's new construction minimizes maintenance expenses, ensuring a stable and profitable investment for years to come.
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
- -97.9667
- Latitude
- 26.1507
