Multi-Family•Low-Rise/Garden•For Sale

Washington Street 16 'Plex

607 E Washington St, Weslaco, Texas 78599

Sale Price $500,000
Zoning Commercial
Year Built 1983
Stories 2
Cap Rate 8.99%
Gross Bldg 14,560 SqFt
Land Area .64 Acres
Project Size 16
Net Op Inc $44,928
Market Rio Grande Valley
Sub-Market Weslaco
607 & 617 E Washington St are adjacent properties on the corner of Washington and Eisenhower in Weslaco, TX. Together, they contain eight 3/1s and eight 2/1s. The three bedroom units rent for $525/month and the two bedrooms rent for $425/month. All the units feature spacious floor plans and central HVAC. The property has plenty of parking and lots of grassy area that is dotted with palm trees. Best of all, all the roofs were replaced in 2012, and most of the AC units are relatively new. Situated in Weslaco just seconds North of Expressway 83, this apartment complex offers convenience to its tenants and opportunity to its owners.
  • 8 x 3 bedroom/1 bathroom ($525/month)
  • 8 x 2 bedroom/1 bathroom ($425/month)
  • New roofs (2012)
  • Central HVAC
  • Grassy lawn with palm trees
5/17/2019 5:05:31 PM 8/7/2019 9:59:53 PM

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