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709 E Business 83

Weslaco, TX 78596
  • $825,000
  • STATUS: Active
  • ON SITE: 63 days
  • MLS #: 29728438
UPDATED: 139 min ago
$825,000
  • 0
    BEDS
  • 2.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,912
    SQFT
  • $44
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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© 2021 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The MBTeam. Data last updated: 2021-07-28T23:51:19.077.
www.monicabenavidesteam.com/homes/117599339
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709 E Business 83 Weslaco, TX 78596

  • Price: $825,000
  • Status: Active
  • Updated: 139 min ago
  • MLS #: 29728438
0
Beds
0
Baths
0
½ Baths
2.21
Acres
18,912
SQFT
$44
$/SQFT
1985
Built
Neighborhood:
West Tract
County:
Hidalgo
Area:
Weslaco
Elementary School:
Roosevelt
Middle School:
Central
High School:
Weslaco
School District:
Weslaco I.S.D.
Property Description
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.
Exterior Features

Carport Details No Carport Construction Slab Exterior Features Other-See RemarksStorage Building/Shed Exterior Siding Wood Siding Fence Type None Garage Details No Garage Location Features Irregular LotOther-See Remarks Lot Dimensions Irregular Outbuildings Laundry FacilityOffice Parking Spaces 50.00 Stories Two Street Type Paved

Interior Features

Conveying Appliances No Conveying Appliances Energy Features None Flooring CarpetTileOther-See Remarks Heating System Window Interior Features Cable TvCeiling FansSmoke Alarm(S) Special Features Circle DriveOther-See Remarks Water Heater ElectricOther-See Remarks

Property Features

Community Amenities No Special Amenities Multifamily Type Apartment (10+) Proposed Financing CashConventional REO No Sewer Public Sewer Water PublicAvailableOther

Listing provided courtesy of Zachary Sunderland of Kingside Realty. © 2021 Harlingen Board of Realtors Multiple Listing Service.
© 2021 Harlingen Board of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The MBTeam. Data last updated: 2021-07-28T23:51:19.077.
 
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1313 E Washington Ave.
Harlingen TX, 78550