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Listed by MARCUS PHIPPS REAL ESTATE, LLC
$ 7,500,000
Est. payment /mo
New
3801 Moreland Dr Weslaco, TX 78596
77,325 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 77,325 sqft
Price per Sqft $96
Subdivision Red Bird No. 2
MLS Listing ID 29779479
Year Built 2005
Lot Size 6.547 Acres
Property Sub-Type Apartment
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.
Location
State TX
County Hidalgo
Area 77325
Interior
Heating Central, Electric
Flooring Tile
Appliance Electric Water Heater, Refrigerator
Exterior
Parking Features Other, Off Street
Garage Spaces 170.0
Fence Other
Porch Patio
Garage Yes
Building
Lot Description Sidewalks
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Margo
Middle Schools Cuellar
High Schools Weslaco-East
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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