800-805 South Texas Boulevard

Weslaco, TX 78596

$975,000
Price
Beds
13,044 Sq. Ft.
$75 / Sq. Ft.
13,044
Sq. Ft.
$75
per Sq. Ft.

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...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.

Property Details for 800-805 South Texas Boulevard

Community Features
None
Subdivision Name
Hollywood

Location

Listing Courtesy of Big Realty
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LISTING UPDATED: 05/10/2024 11:16 AM

Property Details for 800-805 South Texas Boulevard

StatusActive
MLS #424223
Days on Market133
Taxes$21,500 / year
HOA Fees-
Condo/Co-op Fees$4,800 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1969
CountyHidalgo County

Location

Listing Courtesy of Big Realty
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Building Information for 800-805 South Texas Boulevard

Building/Complex800-805 S Texas BlvdFloor-Stories-Residences17Pet Policy-Year Built1969Building Size-

Payment Calculator

$7,513 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,321

Property Taxes

$1,792

HOA Dues

$400

The Payment Calculator is for illustrative purposes only.

Property Information for 800-805 South Texas Boulevard

Summary
Location and General Information
  • Directions: 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.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 17.0
  • Carport YN: Yes
  • Covered Spaces: 17.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Garage, Garage Faces Rear
  • Parking Total: 17.0
School Information
  • Elementary School: Memorial
  • Elementary School District: Weslaco ISD
  • High School: Weslaco H.S.
  • High School District: Weslaco ISD
  • Middle Or Junior School: Central
  • Middle Or Junior School District: Weslaco ISD
Taxes and HOA
  • Association: No
  • Parcel Number: H420000002001000 / O510000001000100
  • Tax Annual Amount: $21,500
  • Tax Legal Description: - ORANGE GROVE ADDITION LOTS 1,2, 3 & N1/2 LOT 4 BLK1 - HOLLYWOOD ADDN LOTS 10-12 BLK 2
  • Tax Year: 2023
Property
Lot Information
  • Building Area Source: HidalgoCAD
  • Building Area Total: 13044.0
  • Building Area Units: Square Feet
  • Living Area: 13044.0
  • Living Area Source: HidalgoCAD
  • Living Area Units: Square Feet
  • Lot Features: Curb & Gutters, Sprinkler System
  • Lot Size Acres: 0.9871
  • Lot Size Area: 42999.8184
  • Lot Size Square Feet: 42999.8184
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 1969
  • Year Built Source: HCAD
  • Escrow: $15,000.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 2
  • Sewer: City Sewer
  • Water Source: Public
Green Features
  • Green Energy Efficient: None, Other
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sprinkler System
  • Fencing: None
  • Pool: No
  • Number Of Buildings: 6
  • Construction Materials: Brick
  • Other Structures: Outbuilding (None)
  • Roof: Composition Shingle
Interior Features
  • Appliances: Electric Water Heater, Water Heater (Other), No Conveying Appliances
  • Cooling: Central Air, Electric, None, Window Unit(s)
  • Cooling YN: Yes
  • Flooring: Other
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: None
  • Laundry Features: Laundry Area
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $10,094.00
  • Insurance Expense: $17,000.00
  • Maintenance Expense: $4,800.00
Multi-Family Information
  • Number Of Units In Community: 6
  • Number Of Units Total: 17
  • Other Expense: $7,800.00

Property History for 800-805 South Texas Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 800-805 South Texas Boulevard

This home is within Weslaco Independent School District.
Rating
School
Type
Grades
Distance
Public - 4 to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Horton Disciplinary Alternative Ed
Public4 to 12

Central Middle School
Public6 to 8

Weslaco High School
Public9 to 12

Weslaco Early College High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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800-805 South Texas Boulevard is a multi-family home for sale in Weslaco, TX 78596. This property was listed for sale on January 17, 2024 by Big Realty, it's currently listed at $975,000. This listing's school district is Weslaco Independent School District. Nearby schools include Horton Disciplinary Alternative Ed, Central Middle School and Weslaco High School. 800-805 South Texas Boulevard is a 0-bed, 0-bath, 13,044 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Big Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.