For Sale
$495,000

2705 Sage DrProgreso Lakes, TX 78596

New 4-plex, Rio Stone Subdivision, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment opportunity presents a newly constructed four-plex located in the burgeoning Rio Stone subdivision of Weslaco, Texas. The property, situated at 2705 Sage Drive, boasts a generous 10,500 square foot lot and comprises two buildings. Construction is slated for completion around August 31st, 2024. The property features four units, offering a mix of spacious floor plans. Two units offer three bedrooms and two bathrooms, while the remaining two units provide two bedrooms and two bathrooms. Each unit boasts approximately 1,000-1,100 square feet of living space, showcasing modern finishes including quartz countertops and tile flooring throughout. Individual electric and water meters for each unit provide efficient utility management and potential for increased rental income. This property represents a compelling investment opportunity in a rapidly growing area, offering strong potential for rental income and appreciation. The asking price for this turnkey multifamily property is $495,000. Located in Hidalgo County, Texas, with a zip code of 78596, this property is ideally situated for both investors seeking strong returns and those looking for a low-maintenance, high-yield investment. Don't miss this chance to acquire a brand-new, high-quality multifamily property in a desirable location.

Highlights

  • Newly constructed four-plex in Weslaco, TX's Rio Stone subdivision.
  • Located on a 10,500 sq ft lot at 2705 Sage Drive.
  • Completion estimated August 31, 2024.
  • Four units total: two 3/2s and two 2/2s, each approximately 1,000-1,100 sq ft.
  • Modern finishes including quartz countertops and tile flooring.
  • Individual electric and water meters.

Property Details for 2705 Sage Dr

Property type
Apartment buildings, Small apartment buildings
Year Built
2024
Buildings
2
Units
4

Location Insight

City
Progreso Lakes
County
Hidalgo
State
Texas
Latitude
26.1455931
Longitude
-98.0190295
2705 Sage Dr, Progreso Lakes, Texas

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2705 Sage Dr
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