|Price/Rent PSF||$ 675,000.00|
|SQ. FT. Available||12,900|
Nestled in a quiet subdivision of Weslaco, this 14 unit apartment complex is in excellent condition and offers steady income to investors.
1612 Orange Avenue is a 14 unit apartment complex located in a quiet corner of South-East Weslaco. There are twelve 2 bedroom, 2 bathroom units that are approximately 950 sf each and rent for $650/month, one 2/2 that is ± 700 sf that rents for $630/month, and one studio apartment that is ± 700 sf that rents for $400/month. There is a laundry room onsite that utilizes leased equipment. After vacancy and credit losses, the complex earned $96,425 of gross income in 2017 and $90,513 in 2018.