For Sale
$1,845,000

2050 Taft St Weslaco, TX 78599

High-yield multifamily land, 0.87 acres

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 0.871-acre commercial land parcel in Weslaco, Texas, presents a lucrative investment opportunity. Currently developed as a sixteen-unit multifamily complex comprising four fourplex buildings, this property boasts a strong rental income stream. All units are fully rented and equipped with modern appliances, enhancing their appeal to tenants. The gated community provides added security and peace of mind for residents. Ample parking is available with 32 covered rear parking spaces. Interior finishes are high-quality, featuring custom cabinets, quartz countertops, and ceramic tile flooring. Each fourplex building includes a mix of two- and three-bedroom units (eight of each), catering to a diverse range of renters. Exterior amenities include an automatic sprinkler system and private fenced patios. Located at 2050 Taft Street, Weslaco, TX 78599, in Hidalgo County, this property offers a compelling combination of established income generation and significant future potential. The asking price is $1,845,000.

Highlights

  • 0.871-acre commercial land parcel in Weslaco, Texas.
  • Sixteen-unit multifamily complex (four fourplex buildings) with strong rental income.
  • All units currently rented, featuring modern appliances and high-quality finishes (custom cabinets, quartz countertops, ceramic tile).
  • Gated community with 32 covered parking spaces, automatic sprinkler system, and private fenced patios.
  • Mix of two- and three-bedroom units (eight of each).
  • Asking price: $1,845,000.

Property Details for 2050 Taft St

Property type
Land
Lot Size (sq. ft)
37,941 SF

Location Insight

City
Weslaco
County
Hidalgo
State
Texas
Latitude
26.1799826
Longitude
-98.0101739

FAQs

What type of property is this?
Land - High-yield multifamily land, 0.87 acres
Where is the land located?
The property is located at 2050 Taft 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: 0.871-acre commercial land parcel in Weslaco, Texas.; Sixteen-unit multifamily complex (four fourplex buildings) with strong rental income.; All units currently rented, featuring modern appliances and high-quality finishes (custom cabinets, quartz countertops, ceramic tile).
How can I contact the broker?
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2050 Taft St
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