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3801 E Moreland Road, Weslaco, TX 78596

$7,500,000
: 77,325
SqFt

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List Price: $7,500,000
Status: ACTIVE
MLS#: 515451
Year Built: 2005
Living Area: 77,325
Lot Size: 285,192
Acres: 6.55
Subdivision: Red Bird #2
MLS Area Major: Weslaco

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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. Owner Finance is NOT available.

(512) 596-9111

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Additional Information

Amenities: Curbs, Sidewalks, Street Lights
Interior Features: Ceiling Fan(s), Decorative/High Ceilings
Exterior Features: Sprinkler System
Taxes: $110,000
Appliances: Electric Water Heater, Water Heater (Laundry Room), Refrigerator, Stove/Range
Heating: Central, Electric
Air Conditioning: Central Air, Electric
Stories: 1
Foundation: Slab
Parking Features: No Carport, No Garage
Garage Spaces: 2
School District: Weslaco ISD
Elementary School: Margo
Middle School: Cuellar
High School: Weslaco East H.S.