3000 E Coby Drive, Mission, TX 78574
MULTI_FAMILY - Mission, TX
- Added:
- May 6, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 21 at 6:06 am
Property Features for 3000 E Coby Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Other
- Exterior features
- Mature Trees
- Fencing
- Privacy, Chain Link
- Appliances
- Electric Water Heater, Water Heater (Other Location), Electric Cooktop, Refrigerator
- Standard status
- Active
- APN
- K275002000003600
- Size
- 8,391 SF
- Lot size
- 1.01 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11871
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating), Central
- Cooling system
- Heat Pump, Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Number of units
- 12
- Building materials
- Block, Stucco
- Roof type
- Composition
Listing agent Olga L Arriaga (956) 827-5025
Listing office Dolce Vita Realty 912 Sycamore Ave., McAllen, TX (956) 322-8478
Listing date May 6, 2026
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 12‑unit apartment complex on a 1‑acre corner lot on La Homa Rd and Coby Dr
- Two separate six‑unit buildings on the property
- Year built: 2003
- Mature trees on site
- Block and stucco construction with a composition roof
- Utilities include public water; electric water heater and central heating/cooling with heat pump
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.0k | $16.56 |
| − Vacancy | −$16.1k | −$1.92 |
| EGI | $122.8k | $14.64 |
| − OpEx | −$55.3k | −$6.59 |
| NOI | $67.6k | $8.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.347967
- Latitude
- 26.311548
