Log In/Sign Up
Your email has been sent.
Verona Apartments 1416 Petri Dr 4 Unit Apartment Building $641,792 CAD ($160,448 CAD/Unit) 8.57% Cap Rate Weslaco, TX 78599
INVESTMENT HIGHLIGHTS
- High Occupancy Property
- Gated Multi-Family Subdivision Minutes Away from Highway, Restaurants, Schools
EXECUTIVE SUMMARY
Fully Leased Modern Fourplexes | Gated Community | Weslaco, TX
Offered at: $460,000 per Fourplex (4 Doors)
Availability: 9 Fourplexes | 36 Doors Total
Year Built: Late 2022 – Early 2023
Location: Weslaco, TX – Ideal midpoint between McAllen and Brownsville
Investment Highlights:
• Fully Leased – Immediate Cash Flow
• Gated Multifamily Subdivision with Modern Uniform Design
• Tenant-Paid Utilities
• Turnkey Investment Opportunity
Located in the heart of Weslaco, these modern fourplexes offer the perfect balance of quality, convenience, and strong rental performance. The community is situated just minutes from highway access, schools, and shopping centers—highly desirable for both tenants and investors.
Property Features:
• Front Units: 2 Bedrooms / 2 Bathrooms
• Rear Units: 3 Bedrooms / 2 Bathrooms
• Modern Open-Concept Layouts with Wood-Look Tile Flooring Throughout (No Carpet)
• Custom Kitchens with Large Islands, Quartz or Granite Countertops, and Premium Cabinetry (white or brown finishes vary by building)
• Stainless Steel Appliances: Refrigerator, Stove, Microwave/ Washer, and Dryer Included
• Spacious Bedrooms with Large Closets
• Primary Suites with Tiled Showers, Glass Doors, and Walk-In Closets
• Private Fenced Yards: Rear units feature grassed backyards, Front units feature concrete side yards
• Eight (8) Designated Carport Spaces per Fourplex
All properties are fully leased, providing investors with immediate and reliable income. Available individually or as a bulk portfolio of nine (9) buildings totaling 36 doors.
For more information or to schedule a private showing, contact:
Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas.
Offered at: $460,000 per Fourplex (4 Doors)
Availability: 9 Fourplexes | 36 Doors Total
Year Built: Late 2022 – Early 2023
Location: Weslaco, TX – Ideal midpoint between McAllen and Brownsville
Investment Highlights:
• Fully Leased – Immediate Cash Flow
• Gated Multifamily Subdivision with Modern Uniform Design
• Tenant-Paid Utilities
• Turnkey Investment Opportunity
Located in the heart of Weslaco, these modern fourplexes offer the perfect balance of quality, convenience, and strong rental performance. The community is situated just minutes from highway access, schools, and shopping centers—highly desirable for both tenants and investors.
Property Features:
• Front Units: 2 Bedrooms / 2 Bathrooms
• Rear Units: 3 Bedrooms / 2 Bathrooms
• Modern Open-Concept Layouts with Wood-Look Tile Flooring Throughout (No Carpet)
• Custom Kitchens with Large Islands, Quartz or Granite Countertops, and Premium Cabinetry (white or brown finishes vary by building)
• Stainless Steel Appliances: Refrigerator, Stove, Microwave/ Washer, and Dryer Included
• Spacious Bedrooms with Large Closets
• Primary Suites with Tiled Showers, Glass Doors, and Walk-In Closets
• Private Fenced Yards: Rear units feature grassed backyards, Front units feature concrete side yards
• Eight (8) Designated Carport Spaces per Fourplex
All properties are fully leased, providing investors with immediate and reliable income. Available individually or as a bulk portfolio of nine (9) buildings totaling 36 doors.
For more information or to schedule a private showing, contact:
Listing Agent is related to Seller. Seller/Listing Agent is a licensed real estate agent in Texas.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$75,341
|
$0.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,341
|
$0.55
|
| Taxes |
$16,603
|
$0.12
|
| Operating Expenses |
$5,218
|
$0.04
|
| Total Expenses |
$21,821
|
$0.16
|
| Net Operating Income |
$53,520
|
$0.39
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $75,341 |
| Annual Per SF | $0.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $75,341 |
| Annual Per SF | $0.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,603 |
| Annual Per SF | $0.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,218 |
| Annual Per SF | $0.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,821 |
| Annual Per SF | $0.16 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,520 |
| Annual Per SF | $0.39 |
PROPERTY FACTS
| Price | $641,792 CAD | Building Class | B |
| Price Per Unit | $160,448 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,050 SF |
| Cap Rate | 8.57% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family - Gated Multi-Family Subdivision | ||
| Price | $641,792 CAD |
| Price Per Unit | $160,448 CAD |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 4,050 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | Multi-Family - Gated Multi-Family Subdivision |
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
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $1,343 CAD | 947 |
| 3+2 | 2 | $1,727 CAD | 1,078 |
1 1
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Daniela Perez
Verona Apartments | 1416 Petri Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.