About This Home
This 0-bedroom, 0-bathroom multi-family at 3801 E MORELAND DR in Weslaco, TX is listed for $7,500,000 ($97 per sqft). Built in 2005, the home offers 77,325 sqft of living space on a 6.55 acres lot.
Key Features
- Built in 2005
- 6.55 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$40,112/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3801 E MORELAND DR
Weslaco, TX 78596
RED BIRD NO. 2
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Outdoor Features
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 3801 E MORELAND DR is listed at $7,500,000 ($97/sqft). The estimated monthly payment is $40,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2005, 6.55 acre lot. Interior Features: Smoke Alarm(s). Exterior Features: Patio.
This property is listed by MARCUS PHIPPS and can be reached at 9567932355.