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    8207 Silverado Dr Mission, TX 78574

    For Sale
    $590,000

    Five-unit apartment building, fully leased.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-unit apartment building, situated on a spacious 1.014-acre corner lot in Mission, Texas, presents a compelling investment opportunity. Built in 2016, the property boasts a prime location at the intersection of La Homa Road and Silverado Circle, offering excellent visibility and accessibility. Each of the five units features two bedrooms and one bathroom, complete with included washer, dryer, stove, and refrigerator appliances. Currently operating at 100% occupancy, this fully leased property generates immediate cash flow. The single building structure simplifies management and maintenance, minimizing operational complexities. The substantial lot size provides ample space for potential future expansion or development, adding further value to this already attractive investment. With its strong rental income, desirable location, and modern construction, this property represents a rare opportunity to acquire a high-performing multifamily asset in a thriving Texas market. The property's 2016 construction ensures modern amenities and reduced maintenance needs, contributing to a strong return on investment. This turnkey investment is ready for an immediate addition to your portfolio. The property address is 8207 Silverado North Drive, Mission, TX 78574, within Hidalgo County.

    Property Features for 8207 Silverado Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    44,170 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Units
    5
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3409113
    Latitude
    26.346435

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, fully leased.
    Where is this multifamily property located?
    The property is located at 8207 Silverado Dr Mission, TX.
    What is the asking price?
    The asking price for this property is $590,000.
    Request Owner's contact information
    8207 Silverado Dr Mission, TX 78574
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    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
    8207 Silverado Dr Mission, TX 78574
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