Four-Unit Apartment
1012 W La Pointe Avenue, Mission, TX 78573
For Sale
$415,000
Each residence offers three bedrooms, two bathrooms, in-unit laundry, and a private patio in a gated community.
Property Size4,032 SF
Price / SF$102.93
Days on Market17
Property Features for 1012 W La Pointe Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gradient tile flooring
ceiling fans
granite countertops
elegant lighting
stainless stove and refrigerator
washer and dryer
private patio
gated community
Ceiling Fan(s)
Dryer
Walk-In Closet(s)
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Accel Property Management & Investments, LLC
(956) 994-3000
Listed By:
Ann M. Anderson
(956) 827-3707
Source:
Gdvrealty
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Accel Property Management & Investments, LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this four-unit property contains 4,032 square feet. Each apartment has three bedrooms and two bathrooms, with tile flooring and ceiling fans throughout. Kitchens include granite countertops, a stainless steel stove, a refrigerator, and space for dining or entertaining. A washer and dryer are provided in each unit, and every apartment has its own patio.
The property is within a gated community and includes covered carport parking.
The property is within a gated community and includes covered carport parking.
Key Highlights
- Four apartments, each with 3 bedrooms and 2 bathrooms
- 4,032 square feet; built in 2022
- Granite kitchen counters with stainless steel stove and refrigerator in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,260
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
$705.2K
Cap Rate 7%
$503,714
$503.7K
Cap Rate 9%
$391,778
$391.8K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$56.6K $14.04/SF
− Vacancy
−$6.2K −$1.55/SF
EGI
$50.4K $12.49/SF
− OpEx
−$15.1K −$3.75/SF
NOI
$35.3K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,200
Cap Rate 7%
$503,714
Cap Rate 9%
$391,778
Alternative Uses
Best Use
Multifamily LT 5
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,464 @ 7.0% cap · market cap 7.82%
Theoretical Best
Hotel Hospitality
$3.04M
$2.66M – $3.54M
NOI $212,587 @ 7.0% cap · market cap 51.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Mission, TX
Properties on Market for Quadplexes in Mission
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers three bedrooms, two bathrooms, in-unit laundry, and a private patio in a gated community.
Where is this quadplex located?
The property is located at 1012 W La Pointe Avenue Mission, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four apartments, each with 3 bedrooms and 2 bathrooms; 4,032 square feet; built in 2022; Granite kitchen counters with stainless steel stove and refrigerator in each unit
