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Mira Vista Fourplexes 1409 Alta Vista Dr 8 Unit Apartment Building $938,000 ($117,250/Unit) 5.86% Cap Rate Weslaco, TX 78596
Investment Highlights
- High Occupancy properties
- Desired Gated community
Executive Summary
100% Rented. Outstanding investment opportunity in a gated community in Weslaco, TX! This fully leased, turnkey fourplexes features a desirable mix of four (4) 3BD/2BA units and four (4) 2BD/2BA units, offering excellent income potential and long-term value. Each unit includes granite countertops, wood-look tile flooring and covered carport parking. The property boasts attractive stone and stucco exteriors, combining curb appeal with low maintenance. Located in a high-demand rental market with consistent occupancy and professional management in place. A rare chance to acquire a cash-flowing asset in one of Weslaco’s premier communities. 100% occupied and ready for your portfolio!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $938,000 | Building Class | C |
| Price Per Unit | $117,250 | Building Size | 8,056 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.86% | No. Stories | 1 |
| No. Units | 8 | Year Built | 2020 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment |
| Price | $938,000 |
| Price Per Unit | $117,250 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 8,056 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 0.99/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Dining Room
- Island Kitchen
- Lawn
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,015 | 927 |
| 3+2 | 4 | $1,100 | 1,087 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | M4820-00-003-0013-00 | Total Assessment | $426,275 (2025) |
| Land Assessment | $95,288 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $330,987 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
M4820-00-003-0013-00
Land Assessment
$95,288 (2025)
Improvements Assessment
$330,987 (2025)
Total Assessment
$426,275 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Mira Vista Fourplexes | 1409 Alta Vista Dr