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Airport Heights - Fourplex in Weslaco TX 1718 Davenport St 4 Unit Apartment Building $634,308 CAD ($158,577 CAD/Unit) 7.17% Cap Rate Weslaco, TX 78596
INVESTMENT HIGHLIGHTS
- High Occupancy
- New Gated Community with easy commuting
EXECUTIVE SUMMARY
100% Rented. Fourplex available on a nice gated multifamily subdivision in Weslaco - Airport Heights Fourplex features 2 units with 2/2 bedrooms and 2 units with 3/2 bedrooms. A must see unit with an open layout, modern flooring, granite Countertops all over, modern lighting fixtures including recessed lighting throughout the unit, modern sleek white cabinetry. Appliances included and carports. Fully leased with professional property management in place as an option.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 - 2025) 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
| Price | $634,308 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $158,577 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.17% | Building Size | 3,944 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2022 |
| Zoning | Multi-Family - Multi-Family | ||
| Price | $634,308 CAD |
| Price Per Unit | $158,577 CAD |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 3,944 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | Multi-Family - Multi-Family |
AMENITIES
SITE AMENITIES
- Controlled Access
- Gated
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $1,637 CAD | 1,140 |
| 3+2 | 2 | $1,441 CAD | 938 |
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Airport Heights - Fourplex in Weslaco TX | 1718 Davenport St
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