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Pike Terrace Luxury Fourplexes lot 35 509 Sparrow Road 4 Unit Apartment Building $479,000 ($119,750/Unit) 8.25% Cap Rate Weslaco, TX 78596
Investment Highlights
- Fully leased New Fourplex Community in one of the fastest growing counties in Texas
- Included Yards, 8 car parking, Appliances even washer/dryer and blinds in each unit
- Beautiful trendy arcitectural design that is timeless. Quality Built includes 1 year warranty
Executive Summary
FULLY LEASED Beautiful timeless architectural style in this brand new community Pike Terrace. Great Location: Weslaco is in the heart of Hidalgo County where the growth is expansive. H.E.B and many other companies have warehousing and Manufacturing is so huge the local airport has expanded to accommodate larger planes Now they can serve large corporate and business aircraft as well as military.Weslaco also has excellent schools and this location is quiet but Interstate access Is just a few blocks away. This property offers ALL APPLIANCES AND BLINDS! Spacious 2- 3 bedrooms/2 baths and 2- 2 bedrooms/2 baths and 8 car covered parking. Each unit has exceptional attention to detail features quartz countertops throughout and LED lighting. Main bedroom has large walk-in closet. It is close to good schools, shopping centers, restaurants and many more amenities.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,800
|
$13.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,800
|
$13.68
|
| Taxes |
$10,500
|
$2.57
|
| Operating Expenses |
$5,784
|
$1.42
|
| Total Expenses |
$16,284
|
$3.99
|
| Net Operating Income |
$39,516
|
$9.69
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $13.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $13.68 |
| Taxes | |
|---|---|
| Annual | $10,500 |
| Annual Per SF | $2.57 |
| Operating Expenses | |
|---|---|
| Annual | $5,784 |
| Annual Per SF | $1.42 |
| Total Expenses | |
|---|---|
| Annual | $16,284 |
| Annual Per SF | $3.99 |
| Net Operating Income | |
|---|---|
| Annual | $39,516 |
| Annual Per SF | $9.69 |
Property Facts
| Price | $479,000 | Building Class | B |
| Price Per Unit | $119,750 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,080 SF |
| Cap Rate | 8.25% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | Multifamily-Residential - Multifamily, Fourplex, Residential | ||
| Price | $479,000 |
| Price Per Unit | $119,750 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 4,080 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | Multifamily-Residential - Multifamily, Fourplex, Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Double Pane Windows
- Window Coverings
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Fenced Lot
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,550 | 2,040 |
| 2+2 | 2 | $2,100 | 2,040 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Pike Terrace Luxury Fourplexes lot 35 | 509 Sparrow Road
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