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1409 Alta Vista Dr - Mira Vista Fourplexes 8 Unit Apartment Building Offered at $1,326,669 CAD at a 5.67% Cap Rate Progreso Lakes, TX 78596
Investment Highlights
- High Occupancy properties
- Desired Gated community
Executive Summary
100% Rented. Outstanding investment opportunity in a gated community in Weslaco, TX! This fully leased, turnkey fourplexes features a desirable mix of four (4) 3BD/2BA units and four (4) 2BD/2BA units, offering excellent income potential and long-term value. Each unit includes granite countertops, wood-look tile flooring and covered carport parking. The property boasts attractive stone and stucco exteriors, combining curb appeal with low maintenance. Located in a high-demand rental market with consistent occupancy and professional management in place. A rare chance to acquire a cash-flowing asset in one of Weslaco’s premier communities. 100% occupied and ready for your portfolio!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Dining Room
- Island Kitchen
- Lawn
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,388 CAD | 927 |
| 3+2 | 4 | $1,504 CAD | 1,087 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,166,033 CAD (2025) | |
| Land Assessment | $260,651 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $905,382 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$260,651 CAD (2025)
Improvements Assessment
$905,382 CAD (2025)
Total Assessment
$1,166,033 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1409 Alta Vista Dr - Mira Vista Fourplexes
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