3801 E Moreland Dr, Weslaco, TX 78596
- $7,500,000
- 77,325
- SqFt
- List Price
- $7,500,000
- Status
- ACTIVE
- MLS#
- 29779479
- Living Area
- 77,325
- Lot Size (Acres)
- 6.5471
- Year Built
- 2005
Property Description
78 UNIT WESLACO APARTMENT COMPLEX FOR SALE! With a 98.4% Occupancy Rate in 2025, this complex is a surefire winner! Everything has been kept in excellent condition, which is evidenced by the tenant longevity and the fabulous appearance of the property overall. A mix of unit types and sizes gives tenants options and helps fill vacancies quickly, rarely encountering a 90-day vacancy. The location is great, being super close to the Expressway and to entertainment and dining options. The property is in 4 Phases. Phase 1 has 19 Units including 5 1 Bed/1 Baths and 14 2/2s. Phase 2 has 6 1 Bed/1 Baths, 17 2/2s, and one 1800 sf 3/2 with a 2 car garage. Phases 3 and 4 are all 2/2s. The 1 Bedroom units are 875 sf except for one 775 sf unit. The 2 Bed units are all 1000 sf. Expenses on the property have run high recently, but aggressive measures are being taken to reduce costs and increase rents. Documents and Financials are available to review with an LOI and NDA.
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Additional Information
- Area
- Weslaco
- Subdivision
- Red Bird No. 2
- Flooring
- Tile
- Heating
- Central, Electric
- School District
- Weslaco I.S.D.
- Elementary School
- Margo
- Middle School
- Cuellar
- High School
- Weslaco-East
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Listing courtesy of MARCUS PHIPPS REAL ESTATE, LLC.