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    7102 56 Ln Palmhurst, TX 78573

    For Sale
    $540,000

    High-Yield Fourplex, Modern Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional fourplex in Mission, Texas, presents a compelling investment opportunity. Built in 2021, the property comprises two buildings situated on a spacious 10,920 square foot lot. The four units offer a mix of modern amenities designed to attract and retain tenants. Two units boast three bedrooms and two bathrooms each, featuring spacious layouts, contemporary finishes, and energy-efficient appliances. Tenant satisfaction is prioritized with in-unit laundry facilities and covered parking. The property's consistent strong occupancy rate demonstrates its appeal and potential for reliable rental income. The asking price is $540,000. This property is ideally suited for both seasoned investors seeking portfolio expansion and first-time investors looking for a stable, cash-flowing asset with significant growth potential. The location in Mission, TX, offers a desirable market for rental properties. This turnkey investment promises a steady stream of income and a strong return on investment. Don't miss this chance to acquire a well-maintained, high-demand multifamily property in a thriving Texas market.

    Property Features for 7102 56 Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2021
    Buildings
    2
    Units
    4

    HighLights

    • $540,000 asking price for a fourplex.
    • Multifamily property, consisting of a two‑building, four‑unit apartment complex.
    • Built in 2021, situated on a 10,920 sq ft lot.
    • Located at 7102 N 56th Lane, Mission, TX 78573.
    • Strong rental history with high occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Palmhurst
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2715991
    Latitude
    26.2728611

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Fourplex, Modern Units
    Where is this multifamily property located?
    The property is located at 7102 56 Ln Palmhurst, TX.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: $540,000 asking price for a fourplex.; Multifamily property, consisting of a two-building, four-unit apartment complex.; Built in 2021, situated on a 10,920 sq ft lot.
    Request Owner's contact information
    7102 56 Ln Palmhurst, TX 78573
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    Palmhurst, 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
    7102 56 Ln Palmhurst, TX 78573
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