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    706 Thompson Rd Mission, TX 78573

    For Sale
    $435,000

    Four-unit apartment complex, excellent rental history.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a four-unit apartment complex ideally situated in Mission, Texas. Built in 2021, this property boasts two buildings situated on a spacious 9,334.91 square foot lot. Each of the four units offers two bedrooms and two bathrooms, complete with modern amenities including a stove, refrigerator, microwave, and a washer/dryer center. All units feature attractive tile flooring throughout, granite countertops in the kitchen and main bathroom, and individual Trane AC units. Ample closet space is provided with double hanging rods in each bedroom. Further enhancing security and convenience, each unit is equipped with a security system. The property is meticulously maintained, featuring a sprinkler system for the lawn. Currently, each unit commands a monthly rent of $950, resulting in a strong rental income stream and excellent rental history. The property's location is advantageous, with proximity to shopping centers in both Palmhurst and Mission. Furthermore, it benefits from its close proximity to highly-rated elementary schools, including an Idea school and Mission CISD's Escobar Rios elementary, both within a mile radius. New subdivisions are being developed in the surrounding area, indicating continued growth and potential for future appreciation. Recent upgrades include new shingles. A seller concession is available. This property represents a compelling investment opportunity in a thriving Texas market.

    Property Features for 706 Thompson Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • Four‑unit apartment complex in Mission, TX, built in 2021.
    • 9,334.91 sq ft lot with two buildings.
    • Each unit features two bedrooms, two bathrooms, and modern appliances (stove, refrigerator, microwave, washer/dryer).
    • Tile flooring, granite countertops, individual Trane AC units, and ample closet space in each unit.
    • Security systems in each unit and a sprinkler system.
    • $950 monthly rent per unit with excellent rental history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3274107
    Latitude
    26.2493202

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment complex, excellent rental history.
    Where is this multifamily property located?
    The property is located at 706 Thompson Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: Four-unit apartment complex in Mission, TX, built in 2021.; 9,334.91 sq ft lot with two buildings.; Each unit features two bedrooms, two bathrooms, and modern appliances (stove, refrigerator, microwave, washer/dryer).
    Request Owner's contact information
    706 Thompson Rd Mission, TX 78573
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    Mission, TX 78573
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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
    706 Thompson Rd Mission, TX 78573
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