New Construction Fourplex Investment
905 Hidden Hills Street Mission, TX 78572
For Sale
Contact for pricing
New construction fourplex with modern design and open-concept living.
Property Size4,210 SF
Price / SF$136.58
Days on Market736
Property Features for 905 Hidden Hills Street
General Information
Standard status
Active
Size
4,210 SF
Property subtype
Multifamily
Building Details
Year Built
2023
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Dendea Balli · License #TREC # 0598310
Source:
Crexi
Added: Jul 24, 2024
Changed: Jul 6
Last Checked: Jul 28 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This new construction fourplex presents an investment opportunity. The property features a modern design with open-concept living spaces, quartz counters, and tile flooring throughout. The property consists of two buildings, with a total of four units. Each building includes one 2-bedroom, 2-bathroom unit measuring 939 square feet and one 3-bedroom, 2-bathroom unit measuring 1,181 square feet. The total property size is 4,210 square feet.
Key Highlights
- Brand‑new construction (2023)
- Fourplex with two buildings and four units total
- Modern design with open‑concept living
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.1k | $14.04 |
| − Vacancy | −$6.5k | −$1.55 |
| EGI | $52.6k | $12.49 |
| − OpEx | −$15.8k | −$3.75 |
| NOI | $36.8k | $8.74 |
4,210 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.9K
$460.2K – $613.6K
NOI $36,816 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 5.90%
Theoretical Best
Hotel Hospitality
$3.17M
$2.77M – $3.70M
NOI $221,972 @ 7.0% cap · market cap 38.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - New construction fourplex with modern design and open-concept living.
Where is this quadplex located?
The property is located at 905 Hidden Hills Street Mission, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Brand‑new construction (2023); Fourplex with two buildings and four units total; Modern design with open‑concept living
