$875,000
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13,044 SqFt
SOLD DATE : 12/06/2024
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,044 sqft
Subdivision Hollywood
MLS Listing ID 448688
Sold Date 12/06/24
HOA Y/N No
Year Built 1969
Annual Tax Amount $21,500
Tax Year 2023
Lot Size 0.987 Acres
Acres 0.9871
Property Sub-Type Apartment
Source Greater McAllen
Property Description
Welcome to a prime investment opportunity in Weslaco, Texas! This 17-unit apartment complex is more than just a property; it's a lucrative investment generating over $10,000 monthly. Enjoy a steady cash flow with a strategic location in the heart of Weslaco, offering convenient access to amenities, schools, and more. The property boasts a proven track record with a solid rental history, ensuring a reliable stream of income and low vacancy rates. Each unit is well-maintained, providing a turnkey investment opportunity. Features include spacious and well-designed units, ample parking and professional property management. This property offers excellent long-term investment potential with the current monthly income exceeding $10,000 & competitive cap rate. Don't miss out on this exceptional opportunity! Whether you're a seasoned investor or new to real estate, seize the chance to add a high-performing asset to your portfolio. Contact us today for more information or to schedule a viewing.
Location
State TX
County Hidalgo
Rooms
Other Rooms Outbuilding (None)
Interior
Interior Features Ceiling Fan(s)
Heating Central, Electric
Cooling Central Air, Electric, None, Window Unit(s)
Flooring Other
Appliance Electric Water Heater, Water Heater (Other), No Conveying Appliances
Laundry Laundry Area
Exterior
Exterior Feature Sprinkler System
Carport Spaces 12
Fence None
Community Features None
View Y/N No
Roof Type Composition Shingle
Total Parking Spaces 12
Garage No
Building
Lot Description Curb & Gutters, Sprinkler System
Faces from expressway 83 and Texas Blvd, head south on Texas Blvd to Eighth street and the 17 units will be located on both the SE & SW corners of Texas Blvd & Eighth street.
Story 1
Foundation Slab
Sewer City Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Memorial
Middle Schools Central
High Schools Weslaco H.S.
Others
Tax ID H420000002001000
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