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1631 Playa Dr

4 Unit Apartment Building $709,363 CAD ($177,341 CAD/Unit) 7.50% Cap Rate Weslaco, TX 78596

Investment Highlights

  • Newer Fourplex in Weslaco , TX. Gated subdivision. Built in 2023

Executive Summary

Fourplex available in Weslaco, TX. Built in 2023 Unit mix Two 3 bedroom 2 bath units and Two 2 bedroom 2 bath units. Units are individually metered for electricity and water. Tenants pay for their utilities. All units are occupied. Gated community.
Interiors feature tile floors, quartz countertops

Property Facts

Price $709,363 CAD
Price Per Unit $177,341 CAD
Sale Type Investment
Cap Rate 7.50%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Lot Size 0.23 AC
Building Size 4,200 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023
Parking Ratio 1.9/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 2 $1,756 CAD 1,100
2+2 2 $1,475 CAD 1,000
  • Listing ID: 31889721

  • Date on Market: 2024-05-22

  • Last Updated:

  • Address: 1631 Playa Dr, Weslaco, TX 78596

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