2051 Jackson StWeslaco, TX 78599

Property Details for 2051 Jackson St

Year built

2019

Property size (Sq ft)

16,800 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Weslaco

County

Hidalgo county

State

Texas

Latitude

26.18

Longitude

-98.0097

FAQs

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