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    701 8Th St Mission, TX 78572

    Sponsored
    For Sale
    $325,000

    Three-unit apartment building, excellent rental history.

    Property size:
    3,183 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional three-unit apartment building, located at 701 E 8th Street in Mission, Texas, presents a compelling investment opportunity. Built in 1990, the property boasts a total of 3,183 square feet situated on a 7,501 square foot lot. The building comprises three spacious apartments: two two-bedroom, two-bathroom units and one three-bedroom, two-bathroom unit. Each unit is approximately 1000 square feet, featuring good-sized bedrooms and in-unit amenities including refrigerator, stove, and washer/dryer connections. Individual water and electric meters are installed for each unit, simplifying utility management. The property benefits from a strong rental history, with current rents potentially below market value due to long-term tenants. The location offers a desirable blend of tranquility and convenience. Situated in a quiet neighborhood, it's also within close proximity to shopping, restaurants, and Mission schools. Public transportation is readily accessible, with Bus 83 just one block away, and Interstate 2 is less than a mile from the property. The asking price for this well-maintained multifamily property is $325,000. This represents a solid investment opportunity in a growing Texas market.

    Property Features for 701 8Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,183 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3189013
    Latitude
    26.2126295

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, excellent rental history.
    Where is this multifamily property located?
    The property is located at 701 8Th St Mission, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    Request Owner's contact information
    701 8Th St Mission, TX 78572
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    Mission, TX 78572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 8Th St Mission, TX 78572
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