Listed by Big Realty
$478,000
1303 Marcela Drive
Details
APN V315000000001200
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,990
Units 4
Cap Rate 7.49%
NOI $35,792
Pro-Forma Cap Rate 8.49%
Pro-Forma NOI $40,592
Price per SqFt $120
Class A
Year Built 2023
Buildings 2
Stories 1
Acreage 0.229
Parking Spaces 8 spaces
Parking Per SqFt 2.01
Fully leased 4-unit multifamily investment in Weslaco’s growing market
Marketing description
Fourplex in Weslaco’s gated Verona subdivision, recently built in 2023. The property is in a growing part of town with steady rental demand. Each 2 bed, 2 bath unit features an open layout, quartz counters, wood-look tile, large closets, appliances, washer and dryer, and private fenced backyards. Eight covered parking spaces. Convenient location near schools, shopping, and dining. Solid long-term income property.
Listing Contacts
Listed by Big Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,792.00
$2,982.67/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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