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Property profile & analytics
OFF-MARKET
Small apartment buildings

1408 Pne St Progreso Lakes, TX 78596

2,620 SF Built 2007
Property ID
US82-7485088
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 2007
Total area 2,620 SF
UPID US82-7485088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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