3801 Moreland Dr, Weslaco, TX 78596
3801 Moreland Dr, Weslaco, TX 78596
3801 Moreland Dr, Weslaco, TX 78596
13
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Listed by MARCUS PHIPPS REAL ESTATE, LLC
$7,500,000
Est. payment /mo
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77,325 SqFt
New

3801 Moreland Dr Weslaco, TX 78596

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Armando Hernandez

Armando Hernandez

+1(956) 280-3089

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 77,325 sqft

Price per Sqft $96

Subdivision Red Bird No. 2

MLS Listing ID 29779479

Year Built 2005

Lot Size 6.547 Acres

Property Sub-Type Apartment

Property Description

78 UNIT WESLACO APARTMENT COMPLEX FOR SALE! With a 98.4% Occupancy Rate in 2025, this complex is a surefire winner! Everything has been kept in excellent condition, which is evidenced by the tenant longevity and the fabulous appearance of the property overall. A mix of unit types and sizes gives tenants options and helps fill vacancies quickly, rarely encountering a 90-day vacancy. The location is great, being super close to the Expressway and to entertainment and dining options. The property is in 4 Phases. Phase 1 has 19 Units including 5 1 Bed/1 Baths and 14 2/2s. Phase 2 has 6 1 Bed/1 Baths, 17 2/2s, and one 1800 sf 3/2 with a 2 car garage. Phases 3 and 4 are all 2/2s. The 1 Bedroom units are 875 sf except for one 775 sf unit. The 2 Bed units are all 1000 sf. Expenses on the property have run high recently, but aggressive measures are being taken to reduce costs and increase rents. Documents and Financials are available to review with an LOI and NDA.

Location

State TX

County Hidalgo

Area 77325

Interior

Heating Central, Electric

Flooring Tile

Appliance Electric Water Heater, Refrigerator

Exterior

Parking Features Other, Off Street

Garage Spaces 170.0

Fence Other

Porch Patio

Garage Yes

Building

Lot Description Sidewalks

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Margo

Middle Schools Cuellar

High Schools Weslaco-East

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

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Armando Hernandez

Armando Hernandez

Broker Armando Hernandez 703051

+1(956) 280-3089

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3801 Moreland Dr