709 E Business 83, Weslaco

$825,000

0 Bed
0 Bath
18,912 Sqft
2.21 Acres
50 Garages

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. Small kitchenettes could be installed in the efficiencies which would require the least amount of rehab and net the most amount of units, or walls could be torn down and adjacent units merged which would increase the initial investment but would net higher rents on the larger floor plans.

Essential Information
MLS® #357780
Price$825,000
Bathrooms0.00
Square Footage18,912
Acres2.21
Year Built1985
TypeResidential Income
Sub-TypeApartment Complex
StatusActive
Community Information
Address709 E Business 83
SubdivisionWest Tract
CityWeslaco
CountyHidalgo
StateTX
Zip Code78596
Amenities
Parking Spaces50
ParkingNo Carport, No Garage
# of Garages50
Interior
Interior FeaturesOther
CoolingWindow Unit(s)
# of Stories2
Appliances

Electric Water Heater, Water Heater (Other Location), No Conveying Appliances

Exterior
Exterior FeaturesMature Trees, Other, Workshop
Lot DescriptionIrregular Lot, Mature Trees
RoofComposition Shingle, Flat
ConstructionBrick, Wood Siding
FoundationSlab
School Information
DistrictWeslaco ISD
ElementaryRoosevelt
MiddleArmando Chapa
HighWeslaco East H.S.
Additional Information
Date ListedMay 26th, 2021
Listing Details
AgentZachary Sunderland
OfficeKingside Realty
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