3500 Vanessa Ln - Apartments FOR SALE


Weslaco, TX 78596- Donna/Weslaco/Mercedes
$3,100,000 USD
956-715-7734
3500 Vanessa Ln, Weslaco, TX for Sale
$3,100,000 USD
Apartments - FOR SALE
1/32

3500 Vanessa Ln
Weslaco, TX 78596
Donna/Weslaco/Mercedes


HIGHLIGHTS

  • Prime Location | Positioned along the 1015 Corridor, near expressways, shopping, industrial park, and international border.
  • Cash Flow Potential | Opportunity for long-term leases and short-term leases
  • Future Expansion | Area poised for continued development, enhancing long-term asset value
  • Optional Breakout Sale | 8-unit building available for purchase separately
  • Investor Flexibility | Perfect for buy-and-hold investors, 1031 exchanges, or those seeking appreciation + income

OVERVIEW

Located in the rapidly growing Mid-Valley region of Weslaco, TX, The Coves presents a prime multifamily investment opportunity in the heart of the South Texas. This 16-unit townhome complex offers strong cash flow potential, with the added benefit of future individual unit resale—each unit already subdivided to allow for flexible exit strategies. Strategically positioned along the 1015 Corridor, the property is surrounded by major employers, highways, railway access, an industrial park, and lies just 10 minutes from the international border and 30 minutes from the airport—ideal for long-term tenants and consistent lease demand. Each two-story townhome features 3 bedrooms, 2.5 bathrooms, and approximately 1,350 square feet of modern living space. Investors may also purchase the 8-unit building separately for added flexibility. Offered at $3,100,000, this is a rare chance to secure a stabilized asset with upside in one of South Texas' most dynamic submarkets.

FOR SALE DETAILS

PRICE

$3,100,000 USD

# OF UNITS

16

PRICE/UNIT

$193,750

CAP RATE

8.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Coves at Weslaco

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

City

APN/PARCEL ID

T3020-00-000-004A-00

ASK ABOUT THIS PROPERTY

Jessica Saenz-LunaJsl Living, LlcMore Info
956-715-7734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jessica Saenz-LunaJsl Living, LlcMore Info
956-715-7734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.