Verona Apartments | 1416 Petri Dr
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Verona Apartments 1416 Petri Dr
4 Unit Block of Flats £379,488 (£94,872/Unit) 7.80% Net Initial Yield Weslaco, TX 78599
Investment Highlights
- High Occupancy Property
- Gated Multi-Family Subdivision Minutes Away from Highway, Restaurants, Schools
Executive Summary
Fourplexes for sale in gated multifamily community in Weslaco, TX, this city serves as a perfect middle commute to the McAllen, TX or Brownsville, TX areas. Fourplexes built Late 2022- Early 2023.Prime Location: Minutes away from highway, schools, shopping. All Fourplexes in subdivision have a modern uniform facade. The fourplex has the front units being 2bedroom/2bath and back units being 3bedroom/2bath. Units have a modern open concept floorplan with wood like tile throughout (no carpet). Kitchen custom cabinets, large island with quartz/granite countertops.Spacious bedrooms with large closets. Master bedroom has a bathroom with tiled shower with glass door and spacious closet.All units have their own private fenced backyard. The back units will have a grassed backyard and the front units will have a concrete side yard. Stainless steel refrigerators, stoves, microwaves included as well as washer and dryer. 8 Carport Designated Spaces per fourplex. Tenants pay their own utilities. Great Investment Opportunity, Immediate Cash Flow! Fully Leased!
There are 10 Fourplexes available (40 doors) for sale at $485,000 EACH fourplex (4 doors). Buildings can be sold as a bulk or individually.
Some Fourplexes have white cabinets and others have brown cabinets. Some finishes may vary*
If you have any questions, please feel free to contact me!
LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.
There are 10 Fourplexes available (40 doors) for sale at $485,000 EACH fourplex (4 doors). Buildings can be sold as a bulk or individually.
Some Fourplexes have white cabinets and others have brown cabinets. Some finishes may vary*
If you have any questions, please feel free to contact me!
LA is related to Seller. LA/Owner. Seller is a licensed real estate agent in Texas.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£42,252
|
£0.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£42,252
|
£0.20
|
| Taxes |
£9,976
|
£0.05
|
| Operating Expenses |
£2,543
|
£0.01
|
| Total Expenses |
£12,519
|
£0.06
|
| Net Operating Income |
£29,733
|
£0.14
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £42,252 |
| Annual Per SF | £0.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £42,252 |
| Annual Per SF | £0.20 |
| Taxes | |
|---|---|
| Annual | £9,976 |
| Annual Per SF | £0.05 |
| Operating Expenses | |
|---|---|
| Annual | £2,543 |
| Annual Per SF | £0.01 |
| Total Expenses | |
|---|---|
| Annual | £12,519 |
| Annual Per SF | £0.06 |
| Net Operating Income | |
|---|---|
| Annual | £29,733 |
| Annual Per SF | £0.14 |
Property Facts
| Price | £379,488 | Building Class | B |
| Price Per Unit | £94,872 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,050 SF |
| Net Initial Yield | 7.80% | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Low Rise |
| Price | £379,488 |
| Price Per Unit | £94,872 |
| Sale Type | Investment |
| Net Initial Yield | 7.80% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 4,050 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.98/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Freezer
- Instant Hot Water
- Island Kitchen
- Lawn
- Patio
- Window Coverings
Site Amenities
- Controlled Access
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 2 | £753.11 | 947 |
| 3+2 | 2 | £919.38 | 1,078 |
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zoning
| Zoning Code | Multi-Family (Gated Multi-Family Subdivision) |
| Multi-Family (Gated Multi-Family Subdivision) |
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Verona Apartments | 1416 Petri Dr
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