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    1917 Mile 2 Rd Mission, TX 78574

    For Sale
    $350,000

    Fourplex, Mission, TX - $350,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional four-unit apartment building presents a compelling investment opportunity in Mission, Texas. Built in 2000, the property boasts a desirable location on a spacious 9,418 square foot corner lot (approximately 0.22 acres). Each of the four units offers 639 square feet of living space, featuring one bedroom and one bathroom. The open floor plans are complemented by tile flooring, recessed lighting, ceiling fans, and tile countertops. Residents enjoy the convenience of covered patios, a landscaped backyard perfect for entertaining, and one designated parking space per unit. The property includes a chain-link fence and is equipped with smoke detectors. Utilities are served by a single water meter and four separate electricity meters. Appliances, including stoves and refrigerators, are provided. A designated laundry area is available for tenant use. The property's zoning code is B2. This well-maintained multifamily property offers strong potential for rental income and appreciation, making it an ideal addition to any investment portfolio. The property is conveniently located in Mission, TX, zip code 78574. The tax legal description is T0940-03-000-0099-00.

    Property Features for 1917 Mile 2 Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2000
    Buildings
    1
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy 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
    -98.346576
    Latitude
    26.2473693

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    FAQs

    What type of property is this?
    Multifamily property - Fourplex, Mission, TX - $350,000
    Where is this multifamily property located?
    The property is located at 1917 Mile 2 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $350,000.
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    1917 Mile 2 Rd Mission, TX 78574
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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
    1917 Mile 2 Rd Mission, TX 78574
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