1408 Pne St Progreso Lakes, TX 78596
This exceptional investment opportunity presents a fully remodeled four-unit apartment building situated at 1408 Pine Street in Weslaco, Texas, 78596. Built in 2007, this property boasts a total of 2,620 square feet across two buildings, situated on a generous 9,273.92 square foot lot. Each of the four units has undergone a complete renovation, showcasing updated interiors, modern finishes, and ample living space. Upgrades include new flooring, upgraded kitchens, and refreshed bathrooms, ensuring a high-quality living experience for tenants. The property is well-maintained, offering a low-maintenance investment for prospective buyers. Its prime location near the International Bridge in Progreso Lakes provides convenient access to neighboring areas, making it highly attractive to renters. Additional amenities include off-street parking and a shared outdoor space, enhancing the overall appeal and convenience of the property. The asking price for this turnkey investment is $280,000. This property represents a strong potential for rental income and long-term appreciation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.