Address
709 E BUSINESS 83 Weslaco, TX
Price
$ 825,000
Property Attributes
  • MLS#29728438
  • TypeMulti-Family
  • CountyHIDALGO
  • CityWeslaco
  • AreaWeslaco
  • NeighborhoodWest Tract
  • Zip78596
  • Style
  • Price$ 825,000
  • Bedrooms59
  • Full Bathrooms59
  • Half Bathrooms0
  • Sqr Footage18912
  • Lot Size2.21 Acres
Listing Provided Courtesy Of:
Kingside Realty
Data Source:
Harlingen Board of Realtors
Property Description

Situated on Business 83 in Weslaco (17,000 AADT), this 58-unit motel sits on 2.21 acres and is ripe for value-add repositioning. As it stands now, there are seven two-story buildings that are comprised of eight small motel rooms, four rooms on each floor (totals 56 0/1s, apx. 270 sf each). There is also one one-story building adjacent to Exp. 83 that has two 1/1s that are both equipped with full kitchens. Lastly, there is a large 2/2 home adjacent to Bus. 83, a portion of which is used as the check-in for motel guests. Although the motel operations are not profitable, it is highly likely that if the property were operated as a traditional apartment complex it would perform well financially.

Elementary School Middle School High School
Roosevelt Elementary School Central Middle School Weslaco High School
Price History
5/26/2021 Listed $825,000

General Features

Community Amenities No Special Amenities
Elementary School ROOSEVELT
Energy Features None
Exterior Features Other-See Remarks, Storage Building/Shed
Flooring Carpet, Tile, Other-See Remarks
Garage No Garage
Heating Window
High School WESLACO
Interior Features Cable TV, Ceiling Fans, Smoke Alarm(s)
Listing Area Weslaco
Listing Type Apartment (10+)
Lot Sqft 96267
Middle School CENTRAL
School District WESLACO I.S.D.
Special Features Circle Drive, Other-See Remarks
Status Active
Status Active
Stories Two
Subdivision WEST TRACT
Water Heater Electric, Other-See Remarks

Interior Features

Conveying Appliances No Conveying Appliances
Total Number of Units 59

Exterior Features

Acreage 2.21
Car Port No Carport
Exterior Wood Siding
Fence Type None
Foundation Slab
Location Features Irregular Lot, Other-See Remarks
Lot Dimensions Irregular
Outbuilding Laundry Facility, Office
Parking Spaces 50.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 78596

Price
AVG $4.34M
$830K
Visits
AVG 107
16

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