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    1105 Showers Rd Mission, TX 78572

    For Sale
    $150,000

    11-Unit Apartment Complex, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a chance to develop an 11-unit apartment complex on a sizable 18,804.85 square foot lot located at 1105 Showers Road, Palmview, Texas, 78572. The property is zoned for both commercial and residential use, offering flexibility for development. The proposed complex will feature eleven 2-bedroom, 1.5-bathroom units designed with modern, comfortable living in mind. The contemporary architectural design prioritizes natural light and efficient space utilization. Each unit will boast spacious living areas, modern kitchens, and comfortable bedrooms. Sustainable building practices are incorporated, utilizing eco-friendly materials and energy-efficient features to minimize environmental impact and maximize long-term value. Situated in a vibrant and easily accessible neighborhood, this development promises high visibility and convenience for residents. The asking price for this land and development plan is $150,000. This represents a significant investment opportunity in a growing Texas real estate market, ideal for investors and developers seeking a high-return project in a desirable location. The property's location in Hidalgo County offers excellent access to major transportation routes and amenities. This is a turnkey opportunity to capitalize on the strong demand for rental housing in the area.

    Property Features for 1105 Showers Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • $150,000 asking price.
    • Multifamily land investment opportunity in Palmview, TX.
    • 18,804.85 sq ft lot.
    • Potential for an 11‑unit apartment complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Femme Salon Beauty Salon Reyna's Antojitos Hot Dog Stand

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.4133313
    Latitude
    26.2290847

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Apartment Complex, Prime Location
    Where is this multifamily property located?
    The property is located at 1105 Showers Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; Multifamily land investment opportunity in Palmview, TX.; 18,804.85 sq ft lot.
    Request Owner's contact information
    1105 Showers Rd Mission, TX 78572
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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
    1105 Showers Rd Mission, TX 78572
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