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Weslaco / Edinburg Portfolio 4 Multifamily Properties Offered at $2,365,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Market Comparables are Averaging 94% Occupancy
- Up to $230/Unit/Month Proven Rent Bumps Across the Portfolio
- 13% Cash-on-Cash by End of Year One
- $65MM in Economic Developments Currently Underway in Weslaco and Edinburg
- 93% Occupied
- 914,000+ McAllen-Edinburg MSA Population
EXECUTIVE SUMMARY
Summary:
The Multifamily Group is pleased to present the exclusive offering of the Weslaco/Edinburg Portfolio. The portfolio consists of three assets in Weslaco and one in Edinburg, comprising 43 units with an average size of 714 square feet. The owner has successfully increased rents on renovated units by up to $230 per unit per month, with an opportunity to further drive revenue by renovating the remaining five classic units. The portfolio maintains strong occupancy at 93%. The Weslaco/Edinburg Portfolio is being offered free and clear of existing debt.
Location:
McAllen-Edinburg-Mission MSA’s population exceeds 914,000. The properties are near several major employers, including Doctor’s Hospital at Renaissance, The University of Texas Rio Grande Valley, and Edinburg Regional Medical Center. The entire portfolio (starting in Edinburg) can be driven in 27 minutes.
Economic Developments:
Sam’s Club Warehouse in Weslaco
- A new ~$25 million Sam’s Club is under construction at FM 1015 & Barbee Drive
- Site is ~22-acres. Expected completion is September 2026.
- Will bring over 200 jobs.
Shops at Westgate in Weslaco - Down the Street from 222 S. Westgate
- ~$6 million project at Westgate Drive & Business 83.
- Anchored by H-E-B.
- More than 145 jobs, multiple new retail buildings over 8,000 sq ft each.
Starbucks Coming to North Edinburg
- New Starbucks location set to open this fall at 3325 N. Business Hwy-281.
H-E-B Major Expansion / Renovation in Edinburg
- The biggest H-E-B in Edinburg (McColl & Freddy Gonzalez Dr.) is undergoing a $34 million renovation/expansion.
- Will expand to ~110,000 sq ft. Improvements to facade, curbside, etc. Expected completion early 2027.
The Multifamily Group is pleased to present the exclusive offering of the Weslaco/Edinburg Portfolio. The portfolio consists of three assets in Weslaco and one in Edinburg, comprising 43 units with an average size of 714 square feet. The owner has successfully increased rents on renovated units by up to $230 per unit per month, with an opportunity to further drive revenue by renovating the remaining five classic units. The portfolio maintains strong occupancy at 93%. The Weslaco/Edinburg Portfolio is being offered free and clear of existing debt.
Location:
McAllen-Edinburg-Mission MSA’s population exceeds 914,000. The properties are near several major employers, including Doctor’s Hospital at Renaissance, The University of Texas Rio Grande Valley, and Edinburg Regional Medical Center. The entire portfolio (starting in Edinburg) can be driven in 27 minutes.
Economic Developments:
Sam’s Club Warehouse in Weslaco
- A new ~$25 million Sam’s Club is under construction at FM 1015 & Barbee Drive
- Site is ~22-acres. Expected completion is September 2026.
- Will bring over 200 jobs.
Shops at Westgate in Weslaco - Down the Street from 222 S. Westgate
- ~$6 million project at Westgate Drive & Business 83.
- Anchored by H-E-B.
- More than 145 jobs, multiple new retail buildings over 8,000 sq ft each.
Starbucks Coming to North Edinburg
- New Starbucks location set to open this fall at 3325 N. Business Hwy-281.
H-E-B Major Expansion / Renovation in Edinburg
- The biggest H-E-B in Edinburg (McColl & Freddy Gonzalez Dr.) is undergoing a $34 million renovation/expansion.
- Will expand to ~110,000 sq ft. Improvements to facade, curbside, etc. Expected completion early 2027.
PROPERTY FACTS
| Price | $2,365,000 | Number of Properties | 4 |
| Price / SF | $77.03 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 30,704 SF |
| Status | Active | Total Land Area | 3.36 AC |
| Price | $2,365,000 |
| Price / SF | $77.03 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 30,704 SF |
| Total Land Area | 3.36 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Weslaco Garden Apartments
1920 E Iowa Rd, Edinburg, TX 78542 |
Multifamily | 8,304 SF | 1987 | - |
|
Weslaco Garden Apartments
222 S Westgate Dr, Weslaco, TX 78596 |
Multifamily | 8,400 SF | 1994 | - |
| 301 E 4th St, Weslaco, TX 78596 | Multifamily | 8,400 SF | 1990 | - |
| 713 S Illinois Ave, Weslaco, TX 78596 | Multifamily | 5,600 SF | 1987 | - |
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Weslaco / Edinburg Portfolio
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