3304 Palm Leaf Cir Mission, TX 78574
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Seven-unit apartment building, high rental potential.
Property Features for 3304 Palm Leaf Cir
General Information
- Property type
- Multifamily properties
Building Details
- Year Built
- 2005
- Buildings
- 1
- Units
- 7
Listing Agency: HCH Realty Listing Agent: Cecilia Olivarez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional seven-unit apartment building, constructed in 2005, presents a compelling investment opportunity in Mission, Texas. Situated on a spacious 25,226 square foot lot at 3304 N Palm Leaf Circle, zip code 78574, this property offers a blend of immediate income and significant upside potential. The building comprises five two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units, currently generating a gross operating income of $39,900 annually. Rents range from $625 to $700 per month, with potential for increased revenue through renovations and market adjustments to reach an estimated $55,800 annually. While some units require repairs and updates, the property boasts a brand-new roof, mitigating significant upfront costs. Ample parking is available for residents and guests. This property is ideally located in the Rio Grande Valley, offering a strong rental market and the potential for substantial returns on investment. The property's size and unit mix provide flexibility for various investment strategies, making it an attractive option for both seasoned investors and those seeking to enter the multifamily market. This is a turnkey opportunity to acquire a well-located multifamily property with immediate cash flow and significant value-add potential.
Property Profile
Location Intelligence
Current Use by Public Records
Small apartment buildings
Location Insight
- Map
- Local Demand
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.3593137
- Latitude
- 26.2758709
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FAQs
What type of property is this?
Multifamily property - Seven-unit apartment building, high rental potential.
Where is this multifamily property located?
The property is located at 3304 Palm Leaf Cir Mission, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: $465,000 asking price for a 7-unit multifamily apartment building.; Located at 3304 N Palm Leaf Circle, Mission, TX 78574.; Built in 2005, featuring one building on a 25,226 sq ft lot.
