For Sale
$599,000

720 Sugar Cane Dr Weslaco, TX 78599

Eight-unit multifamily, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
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!

Highlights

  • $599,000 asking price.
  • Eight-unit multifamily apartment building.
  • Two buildings on a 20,999.84 sq ft lot.
  • Built in 1983.
  • Each unit features two bedrooms and one bath, plus a half bath.
  • Recent upgrades include new AC, paint, roof, and water heaters.

Property Details for 720 Sugar Cane Dr

Property type
Apartment buildings, Small apartment buildings
Year Built
1983
Buildings
2
Units
8

Location Insight

City
Weslaco
County
Hidalgo
State
Texas
Latitude
26.1843014
Longitude
-97.9840439

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily, excellent investment.
Where is the apartment building located?
The property is located at 720 Sugar Cane Dr Weslaco, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price.; Eight-unit multifamily apartment building.; Two buildings on a 20,999.84 sq ft lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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720 Sugar Cane Dr
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