720 Sugarcane Dr Weslaco, TX 78599-8885
This exceptional investment opportunity presents a beautifully remodeled, eight-unit apartment complex located at 720 E Sugarcane Drive, Weslaco, Texas, 78599. The property, built in 1983, comprises two fourplex buildings situated on a spacious 20,999.84 square foot lot. Each of the eight units boasts two bedrooms and one full bathroom, complemented by a convenient half-bath for guests on the first floor. All living spaces are located upstairs in this two-story complex. The property benefits from recent significant upgrades, including brand new air conditioning units, fresh paint throughout, a completely new roof, and updated water heaters. Parking is ample, with two designated spaces provided for each unit. While the property shares a single water meter, each unit is equipped with its own individual electrical meter, simplifying utility management. This well-maintained complex offers a strong return on investment potential in a desirable Weslaco location. The property's features, combined with its recent renovations, make it an attractive option for investors seeking a turnkey multifamily property in Hidalgo County, Texas. This is a rare opportunity to acquire a well-maintained, eight-unit apartment complex in a prime location. Don't miss out!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CO · Weslaco, TXWeslaco. Always verify with local authorities before improvements.
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.