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Verona Apartments 1416 Petri Dr 4 Unit Apartment Building £340,828 (£85,207/Unit) 8.57% Net Initial Yield Weslaco, TX 78599

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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.

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£40,010	£0.29
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£40,010	£0.29
Taxes	£8,817	£0.06
Operating Expenses	£2,771	£0.02
Total Expenses	£11,588	£0.08
Net Operating Income	£28,422	£0.21

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	£40,010
Annual Per sq ft	£0.29

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£40,010
Annual Per sq ft	£0.29

Taxes
Annual	£8,817
Annual Per sq ft	£0.06

Operating Expenses
Annual	£2,771
Annual Per sq ft	£0.02

Total Expenses
Annual	£11,588
Annual Per sq ft	£0.08

Net Operating Income
Annual	£28,422
Annual Per sq ft	£0.21

PROPERTY FACTS

Price	£340,828	Costar Property Class	B
Price Per Unit	£85,207	Total Plot Size	0.22 ac
Sale Type	Investment	Property Size	4,050 sq ft
Yield	8.57%	Average Occupancy	100%
No. Units	4	No. Floors	1
Property Type	Build-to-Rent	Year Built	2023
Property Subtype	Apartment	Parking Allocation	1.98/1,000 sq ft
Apartment Style	Low-Rise
Use Class	Multi-Family - Gated Multi-Family Subdivision

Price	£340,828
Price Per Unit	£85,207
Sale Type	Investment
Yield	8.57%
No. Units	4
Property Type	Build-to-Rent
Property Subtype	Apartment
Apartment Style	Low-Rise
Costar Property Class	B
Total Plot Size	0.22 ac
Property Size	4,050 sq ft
Average Occupancy	100%
No. Floors	1
Year Built	2023
Parking Allocation	1.98/1,000 sq ft
Use Class	Multi-Family - Gated Multi-Family Subdivision