For Sale
$1,845,000

2051 Jackson St Weslaco, TX 78599

16-Unit Apartment Complex, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 16-unit apartment building, located at 2051 Jackson Street in Weslaco, Texas, presents a compelling investment opportunity. Built in 2019, this Class B property boasts a total of 16,800 square feet situated on a 0.871-acre lot. The complex comprises eight individual buildings, each a single-story structure, offering a manageable and efficient layout. The property features a mix of 2-bedroom and 3-bedroom units, with all units currently rented and generating substantial income. Each unit is equipped with modern amenities including custom cabinets, quartz countertops, and ceramic tile flooring. Residents enjoy the convenience of covered rear parking and a gated community for enhanced security. Additional features include an automatic sprinkler system and private back patios enclosed by privacy fences. The property's strong performance is reflected in its attractive 6.00% capitalization rate, making it an ideal addition to any investment portfolio. The asking price for this turnkey operation is $1,845,000. This property offers a rare combination of newer construction, high occupancy, and desirable features in a growing Texas market. The strong rental income stream and low maintenance requirements make this a truly exceptional investment opportunity. Detailed financial information is available upon request.

Highlights

  • 16-unit apartment building in Weslaco, TX, built in 2019.
  • 16,800 square feet on a 0.871-acre lot; eight single-story buildings.
  • Mix of 2- and 3-bedroom units, all currently rented.
  • Modern amenities include custom cabinets, quartz countertops, and ceramic tile flooring.
  • Features covered parking, gated community, sprinkler system, and private fenced patios.
  • 6.00% capitalization rate; asking price $1,845,000.

Property Details for 2051 Jackson St

Property type
Apartment buildings
Square Feet
16,800 SF
Class
B
Year Built
2019
Buildings
8
Stories
1
Units
16

Location Insight

City
Weslaco
County
Hidalgo county
State
Texas
Latitude
26.1799531
Longitude
-98.0097459

FAQs

What type of property is this?
Apartment building - 16-Unit Apartment Complex, High Cap Rate
Where is the apartment building located?
The property is located at 2051 Jackson St Weslaco, TX.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: 16-unit apartment building in Weslaco, TX, built in 2019.; 16,800 square feet on a 0.871-acre lot; eight single-story buildings.; Mix of 2- and 3-bedroom units, all currently rented.
How can I contact the broker?
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2051 Jackson St
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