400 Retama Ln Weslaco, TX 78596
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 400 Retama Ln
- Year built
- 2022
- Property type
- Small apartment buildings
Description
This exceptional multifamily investment property, located at 400 Retama Lane in Weslaco, Texas, presents a rare opportunity to acquire a fully leased, newly constructed fourplex. Built in 2022, this property boasts two buildings situated on a generous 8,799 square foot lot. The four units are comprised of two 2-bedroom, 2-bathroom units and two 1-bedroom, 1-bathroom units, offering a diverse mix of rental options. Each unit showcases a desirable open floor plan, complemented by modern features including granite countertops, sleek white cabinetry, modern lighting fixtures (including recessed lighting), and modern flooring. Appliances are included in each unit, and carports provide convenient parking. The property's prime location within a highly sought-after Weslaco subdivision ensures strong rental demand. Currently operating at 100% occupancy, this fourplex presents a stable and attractive investment. The option of utilizing professional property management services is available, further enhancing the ease and efficiency of ownership. This turnkey investment is priced at $485,000 and offers immediate cash flow potential. The property's excellent condition, desirable features, and strong rental market position it as an ideal addition to any investment portfolio. Located in Hidalgo County, Texas, with a zip code of 78596, this property is conveniently situated in Weslaco.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -97.974156
- Latitude
- 26.1598751
